Target just sent up a giant red flag about the U.S. consumer
That kind of spending is what our current economic model is based on: Americans of all class levels buying things and always wanting to buy more, regardless of their actual means. But when a society-throttling, economy-decimating pandemic comes along, what happens when that ability — and, just importantly, that desire — goes away? In April, retail... See more
Anne Helen Petersen • I Don't Feel Like Buying Stuff Anymore
This will result in a continued downward pressure on consumption, making it hard for consumption growth in the next decade to outpace consumption growth in the past decade.
Michael Pettis • The Great Rebalancing
At the heart of China’s demand problem is a crisis of confidence stemming from the anxieties of ordinary Chinese about their economic circumstances and future. In 2017, the year Xi began his second term and tightened his grip on the economy, urban households were enjoying the fruits of decades of strong growth, with disposable income doubling
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