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“This economy is deteriorating.”
Yahoo Finance·2025-07-03 13:19

I think we're seeing a US economy that is deteriorating. I think of it as different sickly canaries that are appearing in the coal mine. They're not dead yet necessarily, but they're showing signs of real illness and we're likely to see more, I think, as the year progresses.First of all, consumer confidence has taken a hit. What we're seeing also is just signs of reduced consumption. We're seeing a pickup in continuing jobless claims.Uh we're at the highest level since November of 2021. So, all this says to ...