[Rain Man]

Originally Posted by Iconic

Stimuluses are gone, child tax credits are gone.

Consumers have already exhausted their savings. Look for yourself they are below pre-pandemic readings.
https://fred.stlouisfed.org/series/PSAVERT

Credit card debt is surging higher.
https://www.cnbc.com/2021/12/27/holi...card-debt.html

Retail won't be able to buy these toppy dips forever.

That doesn't look bad to me. Savings rates have basically returned to normal, and credit card balances are moving back up after being paid down last year.

In the big picture that's not as good as the situation last year where people were saving and paying down debt, but it's just moving back to historic norms based on what I'm reading.