October surprise

[Zoe]

Fernando, you and Charles are probably in this elite group.

This is highest percentage reported in history of USA on who is spending the most on consumer spending.

https://www.foxbusiness.com/economy/americas-wealthiest-households-driving-nearly-half-consumer-spending-moodys

America's wealthiest households driving nearly half of consumer spending: Moody's​

The U.S. economy's reliance on spending by high-income households could represent a risk of the trend reversing.​

Tariffs are hurting the more than 50% of households with income below the top 10% income earners.

Let me rephrase that. Tariffs are hurting the average American making less than the top 10% in America the worst. So Tariffs are hurting 90% of income earners in America because 90% of America's income earners are below the top 10% income earners.

Think about that long and hard.

 

[Fernando]

Fernando, you and Charles are probably in this elite group.

This is highest percentage reported in history of USA on who is spending the most on consumer spending.

https://www.foxbusiness.com/economy/americas-wealthiest-households-driving-nearly-half-consumer-spending-moodys

America's wealthiest households driving nearly half of consumer spending: Moody's​

The U.S. economy's reliance on spending by high-income households could represent a risk of the trend reversing.​

Tariffs are hurting the more than 50% of households with income below the top 10% income earners.

Let me rephrase that. Tariffs are hurting the average American making less than the top 10% in America the worst. So Tariffs are hurting 90% of income earners in America because 90% of America's income earners are below the top 10% income earners.

Think about that long and hard.

Could be since I pay over $2,000 on credit cards every month.