BREAKDOWN OF THE CONSUMER CRISIS LOOMING
Lynette Zang: 11-16-2023
Despite Federal Reserve Chair Jerome Powell’s acknowledgment of persistent inflation, there’s uncertainty about whether interest rates will remain elevated or undergo a shift.
In our recent discussion on Tuesday, we delved into the reasons behind the Federal Reserve’s hesitancy to lower rates, particularly within the context of a crisis.
The unfolding crisis is evident in the cooling labor market, with U.S. jobs data indicating a widespread slowdown and the unemployment rate reaching a nearly two-year high.
Join us as we analyze these developments and explore the unfolding breakdown of the consumer in this economic landscape.
CHAPTERS:
0:00 State Of The Consumer
1:30 Paycheck to Paycheck
3:49 Fed Ex Pilots
4:50 Tapping More Credit
7:40 Equity Extraction
10:25 Delinquencies On The Rise
11:46 Credit Scores Hit All Time High?
14:01 Without A Recession
17:14 Gold Demand
