Excess household savings in the US have fallen for 23 STRAIGHT months.
— The Kobeissi Letter (@KobeissiLetter) September 3, 2023
Since 2022, excess savings in the US have been falling by $100 billion per MONTH on average.
The San Francisco Fed estimates that remaining household savings will be depleted this quarter.
Just over 2 years… pic.twitter.com/CEMVeLE9K9
The billionaires creed
https://www.thebignewsletter.com/p/a-billionaire-explains-why-american?utm_campaign=email-half-post&r=l7jd2&utm_...