President Biden still shuffles around mumbling about Maga Republicans and defending democracy (while gettig his DOJ and affiliates to prosecute his leading Presidential opponent) even though …. consumers continue to struggle. While Biden is in wonderland, American consumers are in hell.
Savings as a percentage of GDP is actually NEGATIVE as sticky price inflation remains above 4%.
Any good news? At least the US Treasury yield curve (10Y-5Y) is normalizing.
Speaking of Biden, is this photo real? With AI, I wonder.