And with credit now outright falling for them, it only gets much worse from here - Eurodollar University

#Consumer #spending is down already and now we're getting data which shows by how much, #recession. There's no #inflation here. Disney theme parks are empty, consumer #credit is actually contracting, the bad news is just getting started. Steve Van Metre nailed it when he pointed out services and vacation weakness on this channel just a couple months ago.

July 11, 2023 #Consumer #spending #recession