Subject: Re: Powell Cannot Say the "S" Word
So, where is the recession that you promised?

LOL Give it a minute...

"The top 10% of U.S. households now account for half of all consumer spending, a record high since data collection on this metric began in 1989."

"The figures help to explain how the economy has remained afloat and avoided recession amid a substantial decline in hiring, rising debt delinquencies and stubborn inflation
that is straining many households."

"The economy’s prospects are tethered to the fortunes and spending of the well-to-do, If they turn more cautious in their spending, for whatever reason, the economy will suffer a recession."

https://www.bloomberg.com/news...