Is Consumer Confidence About To Collapse?

Since Brexit, the financial world has become gravely concerned about the state of the macro economy. Indeed, global trade is slowing, central banks seem to be running out of tools to stimulate economic growth, debt is rising in developed nations and government bond yields have plunged to new lows, which generally signals that a benign economic environment is just around the corner. Goldman: The S&P 500 Will Hit 2,100 By Year-End However, it appears that the consumer is continuing to spend despite these concerns. According to a Global Economic research note published by HSBC earlier in the week, consumer spending…