Retail sales are up, consumer sentiment is plummeting, and gold is thriving on the uncertainty of a wonky, cash-rich environment.
Key Takeaways:
- Retail sales beat expectations moving into the holiday season, indicating that consumers have the money to temporarily absorb skyrocketing prices.
- Consumer sentiment hit its lowest level in a decade, even dropping below the level we saw in March of 2020 during the onset of the pandemic.
- As corporations jack up prices, more and more workers demand higher wages. This inflationary cycle is imbedding itself in the global economy.
