Subject: Re: Powell Cannot Say the "S" Word
Originally I was one talking about stagflation and recession. I don't currently see that any more as things have clearly changed.

Those that shop at Walmart are worse off now than a year ago. OTOH, those that shop at whole foods are doing extremely well. As mentioned in another post the top 10% now account for 50% of spending. Eventually, that top 10% will have "backfilled" their wish lists and that spending will ease.

I don't know where things will be a year from now, but things are certainly being primed for some sort of revolution.

As an aside, recession is now a very local phenomena with some states already in trouble while others are doing very well.
The divide between the rich and the poor is growing rapidly.
Alan