Why no recession (so far)? You, the American consumer. Consumers were supposed to crumple under rising interest rates. Instead they gave a big lift to the economy. It wasn’t just how much people spent, either. It was what they spent their money on. A large chunk was spent on wants, not needs.

8 comments

1. WE are why there’s a “soft landing” not the Federal Reserve!

2. So, when the wealthy make purchases versus the less fortunate, is that tracked?

   Because we printed billions that ended up in the hands of the already wealthy. I’m guessing that this phenomenon is really just them spending enough for the economy to thrive, without much help otherwise.

3. NGL I bought a flamethrower

4. Let’s just give all our money to Amazon now and get it over with

5. We’ve been spending like WW3 is breaking out in the next couple of years.

6. The funny thing about good economies is that they’re good, until they’re suddenly not good anymore.

7. Now let’s see the wages to make this sustainable. 

8. I bought lots of cocaine and hookers because thats what you do with easy wallstreet made money,right….right?