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And with credit now outright falling for them, it only gets much worse from here.
#Consumer #spending is down already and now we're getting data which shows by how much, #recession. There's no #inflation here. Disney theme parks are empty, consumer #credit is actually contracting, the bad news is just getting started. Steve Van Metre nailed it when he pointed out services and vacation weakness on this channel just a couple months ago.
Eurodollar University's Money & Macro Analysis
WSJ: Disney World Hasn’t Felt This Empty in Years
https://www.wsj.com/articles/disney-world-crowds-universal-studios-florida-36b0a579
Twitter: https://twitter.com/JeffSnider_AIP…
The skinny
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