Notes on the Week Ahead
Notes on the Week Ahead
Dr. David Kelly
Expansion on Broadway
7 minutes Posted Jun 24, 2024 at 3:59 pm.
Introduction
Consumer Momentum Check
Areas of Softening
Consumer Credit Caution
Offsetting Economic Forces
Finances of Richer Households
Surge in Labor Supply
Consumer Confidence Analysis
Outlook on Consumer Spending
Valuations and Diversification Advice
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Show notes

The play, entitled “Steadily She Slows”, has, from a dramatic perspective, turned out to be a dud.

It started with such a promising prologue of pandemic, recession, recovery, political upheaval, war and inflation. However, it has since settled into a drawn-out, repetitious script, wherein the lead actor, consumption, hogs the center stage and the supporting cast, in the form of investment spending, government spending and trade, has very little impact on the plot. The promoters, on cable news shows and social media feeds, do their very best to gin up public interest by prophesying catastrophic collapse into recession or reignited and blazing inflation. But still the play drones on, unloved by all, except, of course, the investors, who are profiting handsomely from its extended run.