But consumers spent a record amount on new vehicles in Q3 due to record prices.
Something is seriously wrong with this system.
How the US shale boom changed the equation. If the attacks on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy.
Top 20% households made out like bandits, bottom 40% got crushed.
OK, I’m going to wade into this debate — but with my boots on.
A rout in the hyper-inflated bond market can blow up everything at this point.
Here is where inflation runs hot – and it’s not imported consumer goods.
The bifurcation among consumers.
The deepest plunge since the Financial Crisis, but more persistent.
Revisions show the slowdown expected this year hit last year, and now is the rebound. If there’s ever a time for the Fed to not cut already low rates, it’s now.