American Consumers Have Absolutely Nothing Left

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Jul 11, 2023 at 8:35 PM EDT

And with credit now outright falling for them, it only gets much worse from here.

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Consumer spending is down already and now we're getting data which shows by how much, recession. There's no inflation here. Disney theme parks are empty, consumer credit is actually contracting, the bad news is just getting started. Steve Van Metre nailed it when he pointed out services and vacation weakness on this channel just a couple of months ago.

Video Length: 00:18:28

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This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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