Goldman Sachs raises red alert in the US: "Worst confidence in decades." The middle class is slowing, and young people (25-35) are closing their wallets. - Economic Scenarios

Goldman Sachs raises red alert in the US: "Worst confidence in decades." The middle class is slowing, and young people (25-35) are closing their wallets. - Economic Scenarios

“We are facing one of the worst levels of consumer confidence in decades.” The almost apocalyptic sentence does not come from a permabear analyst or a political commentator, but directly from Carlos Abrams-Rivera , CEO of Kraft Heinz , during the earnings call . These aren't just empty words to prepare the market for the worst. The food giant has drastically lowered its full-year sales guidance , now expecting a decline of between 3% and 3.5%. T…