"Americans are consuming more capital than they produce. US national net savings by households, businesses and the government have been negative since 1Q23, for only the third time since 1947. The other two times were 2008-11 and 2020."
Gavekal pic.twitter.com/jWUcaT66Md
— Win Smart, CFA (@WinfieldSmart) September 18, 2024
BREAKING: Total consumer credit jumped by $25.5 billion in July and reached a new all-time high of $5.1 trillion. pic.twitter.com/IEyDEw41ZN
— Win Smart, CFA (@WinfieldSmart) September 18, 2024
🇺🇸 In August, real retail sales stand at -0.45% YoY
In the past, real retail sales trended sideways before the recession began
👉 https://t.co/blMxcoFA78#markets #consumerspending #retailsales #sales #economy#economics #consumers #consumer #recession #recessions pic.twitter.com/qxBJye1wr5— ISABELNET (@ISABELNET_SA) September 18, 2024
BofA: consumers are deferring auto repairs…if drivers let their vehicle’s health decline for too long, it’s possible they’ll face major repair costs down the road. pic.twitter.com/TiOQPK2QJQ
— Win Smart, CFA (@WinfieldSmart) September 18, 2024
Chart shows the median expected change in monthly household spending over the next 12 months by category. Besides education, the only other category that increased in August was recreation. pic.twitter.com/U0YdghFePM
— Win Smart, CFA (@WinfieldSmart) September 18, 2024