![American Consumer Seen Stretched With Two-Thirds Of COVID Savings Gone](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2023/09/SadShoppingSaleSept2023.png?fit=1152%2C659&ssl=1)
American Consumer Seen Stretched With Two-Thirds Of COVID Savings Gone
If you're forecasting a material deceleration in US economic activity during Q4, you should stop.
Not because you're wrong, but because, as I never tire of reminding readers, forecasting macroeconomic outcomes is everywhere and always a fool's errand.
That's not to say you can't look smart every now and again. You can. Just ask Larry Summers, who (still) looks like a genius for warning on the risks of additional fiscal largesse just months before inflation took off in earnest across the develo