Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The Rabid Capitalist previously noted that the consumer was happy as measured by the Misery Index (see https://therabidcapitalist.com/2023/12/24/the-consumer-has-entered-happy-land/). It also identified the risk that this glee had led to a spending binge (see https://therabidcapitalist.com/2024/01/07/buy-now-default-later/).
The performance of overall consumer debt remains healthy but is exhibiting worrisome current trends.
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