The top 20% of Americans are keeping the economy alive. That’s not a good sign

Consumer spending is a crucial part of the US economy, accounting for about two-thirds of its growth. And judging from retail sales data released earlier this week, that economic engine appears to be ... Read More

The economy is reliant on the ‘fortunes of the well-to-do’ says Moody’s—if the ultra-rich get nervy that means recession

Mark Zandi says of the rich: "If they turn more cautious, for whatever reason, the economy has a big problem." ... Read More

The Fed just cut rates. But relief might not come quickly enough for some Americans

“The economy’s prospects are tethered to the fortunes and spending of the well-to-do,” Mark Zandi, chief economist at Moody’s Analytics, told CNN. “Those in the top 20% of the income ... any dollar ... Read More

America is barrelling toward a 'deflationary shock' as 3 forces hit consumer demand, a top economist says

There's a risk that inflation could turn negative soon, David Rosenberg says. The top economist thinks the US is headed for a "deflationary shock." Tariffs, immigration policies, and an aging ... Read More