Monday, October 17, 2022

Chart of the Day: Consumer Still Good, For Now...

A key input to our, for now, mild recession thesis remains the relative strength of the US consumer... Bank of America echoed this morning what we heard recently from JP Morgan; that the consumer sits on bank balances notably greater than pre-Covid levels... 2 to 5 times greater according to BofA:

HT Jack Farley

No comments:

Post a Comment