Recession Has Hit Real Incomes, Spending Will Come Next

Oct 04, 2023

∙ Paid

Highlights

This was never the beginning of a new bull market and, in fact, the opposite looks to be happening... flipping to “extreme fear” from “extreme greed”
Adding to the poor equity environment is the fact that the equity risk premium has collapsed to the lowest levels since the dotcom crash
Consumer spending is set to take a step back as its key support, real after-tax incomes, heads to a recessionary backdrop
Food prices are starting to ease globally in an added sign that inflationary pressures are beginning to disperse