Steven Van Metre: This is the Biggest Late-Cycle Flag Since 2008

As the holiday season approaches, a disturbing trend has emerged in American consumer spending. According to a recent analysis, planned gift expenditures have plummeted to $778, a staggering drop of $234 from the previous year. This represents the steepest fall ever recorded by Gallup, and it signals a deeper economic malaise that affects all income brackets, including high earners. In this blog post, we’ll delve into the implications of this decline and explore the potential consequences for the US economy. The decline in consumer spending is not just a minor blip on the radar; it’s a symptom of a broader…