U.S. Consumer at Rock Bottom | Big Signal of What’s Coming

Today's global economic landscape is filled with a plethora of challenges, uncertainties, and promising developments. Join us as we dissect some of the recent headlines and their potential impact on the global economy. The video discusses the recent mandates on US banks' residential mortgages that exceed global standards, and the implications of this for the housing market. We also shed light on the steep profit fall at Wall Street giant, Goldman Sachs, and what it signifies for the financial sector. Despite ongoing concerns about a potential recession, healthy US consumers are showing resilience. How long this trend continues is something we'll closely monitor. The European Central Bank (ECB) considers communication as its toughest challenge this July. What does this mean for its policy strategies and the European economy? Meanwhile, Federal Reserve Chair, Janet Yellen, is observing disinflation pressures as the hiring surge fades. We explore what this could mean for the labor market and inflation rates in the US. In other news, the Federal government is confident that the economic benefits will outweigh the hefty $31 billion in subsidies for EV battery plants. We discuss the potential impact on the EV market and broader economy. Despite everything, US retail sales are showing resilient demand, but what does this mean in the broader context? We also delve into the economic situation in Argentina as the country nears recession, and the failure of G-20 to break deadlock over debt relief talks. #Economy #EconomicTrends #stockmarket

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Consumers Can’t Take It 0:00

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