Americans are continuing to spend, despite anxiety over the economy, making companies question their expectations of consumer spending habits during slower economic growth.
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In this episode, we hear from a Swiftie with a “Taylor Swift” concert obsession. And we chat with Shannon Lee Simmons, a certified financial planner and founder of the New School of Finance
1521 Bistro Bar expands in Cebu, capitalizing on the still prevalent “revenge spending” trend post-pandemic. With a menu created by a French chef who used to work for Shangri-La Dubai, 1521 Bistro Bar promises to elevate Cebu's dining experience.
The fed because that of course is what the fed has control over. we know energy prices have been falling and that helps in terms headline inflation, but they have sort of ticked back up. what areas do you see perhaps ticking back up or remaining stubbornly high? energy index won t matter a huge report for this, but it will matter a lot for the august report. there is a good chance that will keep inflation elevated last month. so that is the thing to watch. i think used cars are actually really interesting right now. they have been cooling inflation down for a while. if you talk to dealers and people in the industry, they are not sure how long that can last. and i think airfares and hotels which are in this sort of revenge spending, i think that will be interesting. mr. talk to me talk to me about the debate at the fed about whether more
Spending the savings? they are spending down those savings. at the beginning of the pandemic we spend trillions of dollars on stimulus checks other measures to keep americans in afloat in the labor market. those savings are now dwindling and actually from the feds perspective obviously it sends really difficult and crass, let s just put it like this. from the perspective of the fed and inflation and control it s actually a good thing. we are seeing big renormalization about people are spending. this revenge spending, or bench ravel you may have heard of it. or participated yourself. and that has a really really normalized. and that is a very healthy thing. it is leading the decline in inflation and everyone else was so worried about for so long. but it is being supplanted because of that was just dropping off a cliff, right. that s all it is happening in the economy. then we could have a recession. but it s being balanced out by the surge in investment as businesses are investing in expanding and that is keeping the economy going and that is a really positive development. so that is why the fed chairs are no longer
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Exports are struggling as well. you know, another issue that is bothering, you know, china policymakers and a lot of investors in china, is the fact that china s relationship with the united states and with the rest overall, has also worsened a lot. that also has dealt big blow to, you know, the confidence, public confidence in china s economy. you wrote about how private companies are now leaving china. you ve talked about private consumers not spending as much. that piece of it, particularly, you know, every other country had a post-covid bounce of what people called revenge spending. china did not. why do you think that is? sure. when the chinese government very suddenly and abruptly lifted