Loading ...As prices skyrocketed last year, Americans blew through their savings to make ends meet. Aggregate savings peaked at $2.1 trillion in August 2021. As of June, the San Francisco Fed estimated that aggregate savings had dropped to $190 billion.
America’s Growing Economy… Brought To You By Visa & Mastercard | ZeroHedge
What could possibly go wrong?
Once the short covering dries up there won’t be anybody else left to buy stocks (except the Feds, Blackrock, and Vanguard on credit.)
This could be a big problem for PM stocks initially too.
Good weekend all