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Pawn Shops Just Issued a Very Grim Warning About Consumer Behavior
Description
We know when Walmart or Dollar General are doing well, those are not good signs for the health of the consumer economy, particularly when it’s higher income shoppers suddenly appearing in bigger numbers. But when that hard hit traffic starts spilling over to the local pawn shops, it’s a whole other level. Canaries and coalmines. Here’s the thing. We’re not only seeing that happen, the data backs this up, including a whole bunch which released earlier today.
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Pawn shop economy
https://www.msn.com/en-us/money/topstocks/pawn-shops-are-seeing-something-the-stock-market-isn-t-and-it-has-economists-concerned/vi-AA21Rt7f
Powell Press Conference Transcript and Video
https://www.federalreserve.gov/live-broadcast.htm
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU