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3 sats \ 0 replies \ @tomlaies 8 Jun freebie \ on: Why are Americans spending so much? econ
Consoomers only stop indulging when the unemployment rate rises.
GDP? Inflation? Yield curve? Consooomers don't give a fuck. They only care if the fear of being unemployed kicks back in. They barely remember this feeling from 16 years ago.
Edit: I know this because I remember myself being like that. By far not an extreme case. But I have felt this mindset before and it was terrifying.