Consumer Slowdown, Inflation Going WAY Overboard! Surprise 🔥

The episode opens with the surprising news of Walgreens, a major pharmacy chain in the US, planning to close 150 stores amidst 'emerging challenges'. We ask what this could mean for the healthcare and retail industry at large. We then pivot to the state of the US economy, looking into a recent slowdown in consumer spending and its potential impact on inflation. Could the US experience a sharp drop in inflation without hitting a recession, as Bank of America suggests? In the lending sector, we examine a trend where private credit and hedge funds are being flooded with loans as banks seek to offload their debt. Our global tour also takes us to the UK, examining the struggles of Thames Water and other firms amidst the cost-of-living crisis, and to Thailand, where high household debt poses significant risk.
#ConsumerTrends #GlobalEconomy #CrisisDevelopments

TOPICS AND TIMESTAMPS:
Consumer No Confidence 0:00
Economic Blowback 9:45

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#money #inflation #investing