In this clip from The Macro Show on 5/5/22, Hedgeye CEO Keith McCullough bluntly highlights the precarity of the American consumer, as we roll into a Stagflationary environment with negative real wages and a disconcerting setup for personal finances.
“Half of Americans are broke already, and now losing their jobs. The American Consumer (the 50% of people that are low to no, or mid-income) is in the worst position; they have less than $500 bucks to their name.”
“Real wages are a disaster; a certified train wreck... for a large part of the population, it’s going to be bad, and getting worse.”
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