Consumer Spending Up-via Credit Cards…

Credit-Card Spending Belies Consumers’ Glum View of the Economy
JPMorgan, Citigroup and Wells Fargo saw double-digit growth in credit-card spending in the first quarter

It almost seems impossible to avoid a recession. Soft landing is out of the question.

Shorting cyclical equities and commodities appears to be on the menu in the not too distant future.


1 Like