No. of Recommendations: 1
would anyone outside of MAGA take a significant bet shorting american consumer spending?
(i mean w/out contradicting their views on trump economic strategy)
well, greenlight's david einhorn has, and he is very specifically short the progressively-leaning consumer.
"We believe ...[in] an economic slowdown even before the trade announcements, driven by reduced consumption activity by those negatively affected. We have added several short positions in consumer companies that cater to liberal tastes."
ok, this does not mention high or low income, which may matter more than political leanings.
now consumer spending is THE pillar of the american economy, so i figured there had to be some easily derived obvious data behind einhorn's move.
however, for the most part, perplexity.ai disagrees :
" In 2025, both liberal and conservative consumers are expected to maintain relatively strong spending levels, but for different reasons. Conservatives are spending out of economic confidence, while liberals are spending more defensively due to concerns about the future..."
but, perplexity did agree that 2025 job losses have been greater among progressives.