How much / how people are spending seems to reflect opinions better than surveys or polls. This CBS Sunday Morning reality check report on the economy reflects that:
5 Likes
I’m noticing that a number of large retail businesses are renovating right now, suggesting two things: that they feel ongoing consumer spending is a solid bet in the future, and that they’re expecting taxes to shift in such a way that keeping all the capital for investors/CEOs is, conversely, not a good bet in the coming year or more. (Which suggests they’re predicting a Democratic Party landslide!)
6 Likes
Federal Reserve halves proposed capital requirement rise for largest US banks
https://www.ft.com/content/86fd9a80-bf46-4711-ab33-e4dcbef5eeb4
That doesn’t sound reassuring.
3 Likes
Could a federal government crackdown on price-gouging help consumers without creating negative economic impact*?
*I mean the kind of impact caused by organizations seeking excessive/increasing profits every year.
4 Likes
1 Like
