In this clip from today’s edition of The Macro Show, Hedgeye Financials & Macro analyst Josh Steiner describes the pandemic-induced consumer savings glut, and what it means going forward.
“Pandemics are new to us, but not to our species. Historically, when you come out of the pandemic period, people are imbued with a new framework on life. Travel, fertility, and spending all go up,” explains Steiner, as he highlights the dynamics that will lead to the massive consumer spending expectations.
“People are sitting on the sidelines now with $2.4 trillion in savings.”
