Consumers are so demoralized by inflation and high rates that they’ve given up on saving for the American Dream and are spending money instead, economist says

Despite ongoing consumer pessimism, spending remains surprisingly robust. Economist Joanne Hsu, director of the University of Michigan’s consumer sentiment survey, provided insights into this paradox, attributing it to a shift in consumer behavior driven by high prices and interest rates. …

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They are saving their stimmy for WAR spending?

Communist Party Priorities Complicate Plans to Revive China’s Economy Another party journal, Study Times, chimed in with an article that specifically argued against handing out cash to consumers. “While such measures could work in stimulating consumption to some extent, the …

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