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Jun 07 2024

Consumers Cracking?

  • Jun 7, 2024

The contraction in full-time jobs completely explains this year’s sudden collapse in the growth rate of real personal disposable income. The rate has disintegrated from 4% at year-end 2023 to just 0.9% in April, and matches that which prevailed on the eve of the 1980 recession.


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager