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Subprime Consumers Feel All The Pain Ahead Of Spending Holidays

Summary by Zero Hedge
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 …
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