EVERYBODY TALKS ABOUT INFLATION, INTEREST RATES, AND THE FED—BUT HERE’S THE REAL STORY: CONSUMERS DRIVE THE ECONOMY.
Consumption makes up two-thirds of GDP—it’s the engine that keeps everything running. So when we talk about economic “health,” we’re really talking about your health as a consumer.
The job market may look shaky—four months of soft numbers—but earnings season just gave us the real diagnosis: still alive and kicking.
JPMorgan and Wells Fargo both reported:
-Strong credit quality
-Stable delinquencies
-Healthy borrowing trends
Sure, Jamie Dimon dropped his usual “cockroaches” warning—but here’s the truth: people are still spending, and that’s keeping the economy afloat.
TODAY’S TRUTHBOMB:
As long as Americans are buying, the economy ain’t dying.
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