Your Survival Guy and Fam were recently up in the tourist areas of New Hampshire. Word on the street is visitation is down significantly compared to previous summers. Big trips to New England from afar aren’t nearly as high as the post-Covid catch-up trips.
The Biden checks have dried up, and inflation is eating what’s left over. The Fed allows the value of a dollar to bounce around like a rubber ball, and then it is surprised when markets tank.
I can tell you from my recent trip to Paris just how different things felt, especially the lack of big retail spenders from China. When so much of the world economy depends on consumer spending, any change is noticeable.
Action Line: This certainly doesn’t feel like a robust economy. Plan your investments accordingly. When you’re ready to talk, let’s talk. I’m serious.
Originally posted on Your Survival Guy.
