doesn’t know THAT?
While “at first glance, the U.S. economy, appears to be doing ‘basically fine,’ as Fed Chair Jerome Powell put it in his press conference earlier this week,” MSNBC’s Helaine Olen wrote on Thursday, “under the surface, signs of trouble are increasing.”
Yeah, and water is wet, you freakin’ moron!
“While overall retail sales are inching higher,” Olen noted, “restaurant sales are flatlining, and the post-pandemic travel bonanza is slowing, with hotels reporting less demand from vacationers.”
Dining out and travel are related in that both are optional expenses and two of the first places where families cut back when times are tough. Entertainment is another.