​Subprime Consumers Feel All The Pain Ahead Of Spending Holidays – Tyler Durden

Subprime Consumers Feel All The Pain Ahead Of Spending Holidays Working-poor households are still under pressure in a weak demand environment because of persistent inflation and high interest rates. Goldman’s latest note on the consumer shows a continued mixed picture, with the holiday shopping season of Black Friday just weeks away.  Goldman’s Michelle Cheng and Xinyu Ruan pointed out the continued weak consumer demand environment: US: recent data points to a weak demand backdrop. US October TRE (The Weekly Chain Store Sales Index) was -0.9% vs -0.6% in Sep; same-store ShopperTrak traffic was -5.0% in the last week of Oct. Our US colleagues…  — Continue at ZeroHedge News : Read More