Tag: Screwing the Middle

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The Wall Street Journal Would Like You to Know That I Nailed it: Trump’s Screwing the Poor, He’s Screwing the Middle, and, For Good Measure, He’s Screwing the Rich, Too

Robin Hood, he ain’t.

Wall Street Journal, Consumer Angst Is Striking All Income Levels: Signs of weakness are showing up in spending on everything from basics to luxuries

The Journal identifies the “key points” as follows, after which it expatiates.

Key Points

  • Consumer spending is declining across all income levels due to concerns about tariffs, inflation and a potential recession.
  • Retailers are reporting weak demand since the start of the year as consumers become more cautious about their spending.