BIDENOMICS 2023

MMM,MMM,MMM, BARACK HUSSEIN OBIDEN! Fed Warns Consumers Will Deplete Excess Savings By End Q3 by Tyler Durden Thursday, Aug 17, 2023 - San Francisco Fed researchers penned a note on Wednesday that explained excessive savings of US households would be depleted by the end of the third quarter, or in about 44 days (as of Thursday). Couple this with both revolving credit (i.e., credit card debt) and interest charged on credit cards at a record high, plus the restart of student loan repayments in weeks -- all could be a perfect storm brewing that might suggest the outlook for consumers is grim in the era of 'Bidenomic.' https://www.frbsf.org/our-district/about/sf-fed-blog/excess-no-more-dwindling-pandemic-savings/