Dick’s Sporting Goods, Macy’s Flash Warnings Over Consumers
This is happening earlier than I thought it might but it's the primary reason I'm still in fixed income. I just don't see how the US consumer continues to spend when interest rates are this high and the helicopter Ben days of government largess are over.
Is anyone else watching the 10-year treasury? We're about to break though resistance from last October before people began to think inflation would be short lived. Now we're not so sure. I think we'll be lowering interest rates well before this time next year.
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