​Earnings Call Mentions Of “Consumer Downturn” Soar To Highest Level Since Financial Crisis – Tyler Durden

Earnings Call Mentions Of “Consumer Downturn” Soar To Highest Level Since Financial Crisis Goldman Sachs analyst Scott Feiler told clients this AM the consumer is experiencing a “noticeable slowdown, moderation, or whatever term we choose to use—it’s quite evident by now.”  Across industries—from luxury brands, airlines, and travel companies to fast-food chains, theme parks, and consumer goods companies—profit warnings and management teams have signaled that a consumer slowdown continues to gain momentum. Low/mid-tier consumers seem to have reached their limit in absorbing price hikes on goods and services, thanks to depleted personal savings and maxed-out credit cards. This is due to a…  — Continue at ZeroHedge News : Read More