Trumpenomics
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I meet with Merrill (BofA) every quarter who, between credit cards and checking accounts, has a superb and early view of consumer behavior. One thing they’ve highlighted in recent meetings is that spending has been good but in large part it’s the top 10% of income earners picking up the slack for somewhat decreased purchasing power of the rest. Indeed that top 10% represent half of all consumer spending.
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The latest quarterly Trump economic report. Couple of things which you may notice.
- I changed the source of some of the information, so that I get all of it from official US government sources. I went back and re-did the numbers so that they all came from US government.
- I am not sure a "strict" change in % vs. the end of President Biden term tells the whole story. Probably better to graph out the numbers to see trends etc., but I was too lazy to do that. LOL
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I wonder if Rachel Wiggins is hot. WTTT?
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