Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
GDP has been threatened by the consumers’ credit burden. The Rabid Capitalist expects that the current complaints of anemic demand lodged by retailers and consumer goods firms, ranging from McDonald’s to Home Depot to SMH Group (Swatch), will continue and intensify because of a prolonged consumer fatigue. The depletion of the pandemic savings surplus has had the foreseeable effects on spending and debt delinquencies. These consequences are likely to persist to the detriment of retailers and consumer goods businesses.
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The Rabid Capitalist 
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