Powered by (Formerly) Huge Gains from Real Estate, Stocks, Cryptos, as “Real” Incomes Lag? “Real” Consumer Spending Rises, Spending on Services Jumps
by Wolf Richter, Wolf Street: You can see why some retailer stocks are not liking the shift from goods back to services. Americans outspent inflation by a good margin in April. “Real” spending on goods – what consumers buy at retailers, adjusted for inflation – rose for the month but was down from the stimulus-miracle […]
Source: https://www.sgtreport.com/2022/05/powered-by-formerly-huge-gains-from-real-estate-stocks-cryptos-as-real-incomes-lag-real-consumer-spending-rises-spending-on-services-jumps/
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