The Rising Influence of Rising Affluence

[santafe2]

Great article. I suspect this is happening at many consumer levels. Even NFLX felt the pain. I'll be interested to hear Apple's earnings release on Thursday. Do people still need an iPhone 13 when the government isn't paying for it? Maybe. AAPL appears recession proof but the numbers will help us understand the depth of consumer economic disappointment.

It appears that everyone who wanted to spend too much money on a technologically enhanced mattress did so in 2021 with their checks from the government. What did our political gurus expect when they gave away money for being a breathing American and much more money for not working for two years, then suspended payments on education loans and paid for early child care among other benefits and then...and then, pulled all the punchbowls from the party?