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Consumer savings rate plunges to post-Great Recession low; bad news on recession odds

Bear growls louder for consumer stocks

I’m seeing growing negativity on the U.S. economy and on the timing and depth of a U.S. recession. I think it’s important to note that the stock market and the economy aren’t perfectly correlated. Stocks can go up even as the economy weakens on...
Stocks  plunge as May CPI inflation rises to 8.6%

Stocks plunge as May CPI inflation rises to 8.6%

Headline Consumer Price Index inflation in May rose to a new annual high rate of 8.6% in May, the Bureau of Labor Statistics reported today, June 10. Headline prices rose 1% from April. The big drivers were, as expected, food (with prices up at a 10.1% annual rate)...