The Rabid Capitalist

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

U.S. real household income fell 2.3 % in 2022.  The consumer is about to get squeezed between growing pressure of debt, high interest rates, repayments and increasing leverage, and real income losses.

While the question of the timing of a recession remains unknown, the effect of the financially stressed consumer on business is foreseeable.