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So many consumer surveys, but none of them ask the key questions for the next year:
- How much did you accumulate in savings during the pandemic?
- How much do you have left?
- How much of that do you intend to spend?
Without the answers, forecast margins of error are *massive.*
Twitter: Ian Shepherdson
Great questions. Too bad the Fed Chairman can't see the answers.
Schedule for Week of December 22, 2024
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Happy Holidays and Merry Christmas!
The key economic report this week is November New Home Sales.
*----- Monday, December 23rd -----*
8:30 AM: *Chicago Fe...
5 hours ago
4 comments:
None of those questions matter. The Fed can raise interest rates longer than people can stay solvent.
The Fed has already raised interest rates longer than people can stay solvent. Some people, anyway.
At what point does solvent become soylent?
https://en.m.wikipedia.org/wiki/Soylent_Green
By 2022, the cumulative effects of overpopulation, pollution and an apparent climate catastrophe have caused severe worldwide shortages of food, water and housing.
2022? Yikes!
You don't have to worry about soylent in advanced economies; everyone except the US, French, and Kiwis forgot to have kids after the Boomer generation. Their demographies are inverted pyramids.
In Africa, there's where you worry about soylent, especially the next few years due to the war. But they might not wait for further processing.
The French aren't having kids; the Muslims living in France are having kids.
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