Are Consumers Cracking? Recent data about consumer numbers

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Today, we look at cracks in the story that consumers are cracking. Crack proponents expect consumers to start saving more and spending less because they’ve depleted their excess saving from the pandemic years. We expect personal saving rates to stay low and consumer spending to stay high as Baby Boomers, done with paying college tuitions and mortgage loans, spend their sizable nest eggs. (Many apparently are buying big-ticket items such as light trucks, for cash!) As long as consumers’ purchasing power keeps rising along with employment and real wages, our money is on the consumer. … While consumers remain in good financial shape, inflation has depressed consumer sentiment, particularly at the gas pump.

[@ttuck9603]

Thank you - always enjoy these updates.

[@Yomamaissoo]

Thank you sir with this information

[@user-nd3nf4hu2f]

Ed, thank you for the amazing videos that you publish. A quick comment - Do you also look at consumer spending on a global scale. Lot of the big US companies rely on growth in international markets and that would have big impact on their earnings and of course stock price.. Example like Estee Lauder, Nike etc.. It would be great to hear your commentary from a global perspective

[@tmangeles7575]

Ed quoting the rock opera "tommy": not on my Bingo card. lol

[@RONALDO_7729]

I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.

[@Rune-Eriksen225]

I suggest Miss Hattie Glover is extremely good on that. She is really good at what she does, Now I can pay so many bills because of her help.

[@RONALDO_7729]

Please educate me. I've come across this name before. Now I am interested. How can I reach her?

[@MPK237]

This is correct, Hattie's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

[@Harry-er7gu]

Her platform is wonderful, and her services are exceptional

[@BENWILLIAMS12316]

It doesn't matter if you are a current hodler or a newbie. You can capitalize on the fluctuation of Bitcoin by trading with good strategy/signals

[@jpvanessche3185]

NY state might be having a recession because the average age is likely lower than in other parts of the country. Unemployment is probably higher as well due to high rent inflation for businesses. Going out in NY seems more quiet than usual

[@martinross6416]

I’d like to know what *would* trouble Ed? Because nothing seems to bother him. Credit card defaults?

[@kp2718]

Someone is very sloppy uploading those for Quicktakes subscribers as now we get them on Fridays. It's been the case for the last few weeks. EDIT: Of course: This weeks Wednesday was 15th, I got the email on 17th, 1AM CET, and on the website the update is from the 16th. For the 4/25/24 webcast Wednesday was on 24th, the email on 25th 6:30PM CET and the website post on 25th as well.

[@edyardeni7397]

Can you be more specific please? QT subscribers get access on Wednesdays. Public access is on Fridays.

[@kp2718]

@@edyardeni7397 Of course: This week Wednesday was 15th, I got the email on 17th 1AM CET, and on the website the update is from the 16th. For the 4/25/24 webcast Wednesday was on 24th, the email on 25th 6PM CET and the post on 25th as well.

[@konradpekala___]

@@edyardeni7397 Yes, of course: This weeks Wednesday was 15th, I got the email on 17th, 1AM CET, and on the website the update is from the 16th. For the 4/25/24 webcast Wednesday was on 24th, the email on 25th 6:30PM CET and the website post on 25th as well.

[@kp2718]

@@edyardeni7397 I've edited my main comment with the answer, as answers to your comment are somehow blocked by YT - they don't show up, must be bc I answered with a link to Quicktakes the first time.

[@pamblair7168]

Rhodesian Ridgebacks Rule. Sorry Max.

[@pauljcomp6621]

6 minute mark. MAX!

[@nonexistent5030]

California feeling New York's pain too.

[@phillipnguyen5428]

Thank you Dr.Yardeni!

[@Jean-Luc-sh2pg]

where is your cute new associate

[@GuyBlack-nf5dt]

In the lead up to the election Druckenmiller has said the government has been spending like there is a depression, and until recently the govt was responsible for a high % of employment growth.This is a plausible explanation of a lot of the bullish data alluded to in your presentation. BTW I have no dog in the fight and am a short term technical trader so I avoid reading financial or any news as it distorts one perspective.

[@kenthughes4396]

Druckenmiller has not been right since 2008