Hedgeye CEO Keith McCullough delivered a sobering message to the nation’s “elites” during this morning’s episode of The Macro Show.
Contrary to claims that the war on inflation is over, it’s not.
Small business earnings are a disaster, and “low [income] consumers” are in real trouble.
“What’s the main problem for these consumers? They don’t have any money,” said McCullough. “Higher for longer [inflation] has added up quite a bit in the last three years.”
McCullough breaks down the key pain points for Main Street Americans:
Small Business Earnings: ↓
Wealth Gap In Sentiment: ↑
Income Expectations (Relative to Prices): ↓
Food Scarcity (Sometimes or Often Not Enough Food): ↑
Difficulty Paying for Usual Household Expenses: ↑
McCullough implored: “If you’re a leader in any way… Do something. Don’t spew bullsh*t like the mainstream media is spewing.”
Turn off MSM garbage. Subscribe to The Macro Show today.
