Taylor Swift's economic boost is ending - and other reasons why investors should still expect a US recession
The investment firm said in a Friday note that it still expects a mild recession to hit the US economy as a lot of the strength seen in consumer spending and the labor market is finally showing signs of weakening.
These are the four reasons why he is sticking with his call that a mild recession is set to hit the US economy in the coming months. Over the last year, a tight labor market, strong wage gains and excess savings from the pandemic have propped up consumption, but those tailwinds are finally fading, according to the note.
He highlighted recent increases in delinquency rates for credit cards, auto loans, and mortgages, as well as rising credit card balances and borrowing rates as other factors that will likely slow spending."While the unemployment rate continues to hover near a 53-year low of 3.5%, there are signs that the labor market is cooling.
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PHOTOS: Fan Fashion from Night 2 of Taylor Swift in SeattleIf we have learned anything this weekend, it's that Taylor Swift fans can do anything. Her two sold-out shows at Seattle's Lumen Field not only boosted the economy, they boosted the spirit of the city and created a camaraderie like none other. And they looked dang cute doing it! Enjoy the amazing fashion from Night 2 of Taylor Swift in Seattle! See{ }{a href='https://seattlerefined.com/lifestyle/taylor-swift-the-eras-tour-seattle-lumen-field-night-1-swifties-in-style-fan-fashion-outfits-friendship-bracelets-washington-concert-looks-pnw?photo=1' target='_blank' title='https://seattlerefined.com/lifestyle/taylor-swift-the-eras-tour-seattle-lumen-field-night-1-swifties-in-style-fan-fashion-outfits-friendship-bracelets-washington-concert-looks-pnw?photo=1'}Night 1 fan photos here{/a}. See{ }{a href='https://seattlerefined.com/lifestyle/taylor-swift-seattle-the-eras-tour-night-1-saturday-july-22-2023-lumen-field-swifties-gracie-abrams-haim-folklore-evermore-reputation-concert-music-washington-pnw?photo=1' target='_blank' title='https://seattlerefined.com/lifestyle/taylor-swift-seattle-the-eras-tour-night-1-saturday-july-22-2023-lumen-field-swifties-gracie-abrams-haim-folklore-evermore-reputation-concert-music-washington-pnw?photo=1'}Night 1 concert photos here{/a}. And read how I{ }{a href='https://seattlerefined.com/lifestyle/taylor-swift-the-eras-tour-seattle-lumen-field-concert-performance-swiftie-fans-fashion-fandom-reputation-how-i-went-from-a-casual-taylor-fan-to-a-full-swiftie-in-3-hours-washington-pnw' target='_blank' title='https://seattlerefined.com/lifestyle/taylor-swift-the-eras-tour-seattle-lumen-field-concert-performance-swiftie-fans-fashion-fandom-reputation-how-i-went-from-a-casual-taylor-fan-to-a-full-swiftie-in-3-hours-washington-pnw'}became a Swiftie in 3 hours here{/a}. (Image: Elizabeth Crook / Seattle Refined)
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Taylor Swift fans cause 2.3-magnitude 'Swift Quake' in SeattleShe never missed a beat and was lightning on her feet when the 'Shake It Off' artist and her fans caused a 'Swift Quake' in Seattle during her 'Eras Tour' concerts.
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Taylor Swift's surprise song at Seattle concert hypes next potential 'Taylor's Version' album | CNNThe inimitable Taylor Swift has been on her record-breaking “Eras” tour and along the way, she’s played a different “surprise song” to change up the setlist at every concert.
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Grammy Museum presents Taylor Swift ‘I Can See You (Taylor’s Version)’ pop-up exhibitThe Los Angeles exhibit will run through Sept. 18 in celebration of the Eras Tour with six sold-out SoFi Stadium shows in Los Angeles starting this week.
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Is Taylor Swift Teasing The Release Of ‘1989 (Taylor’s Version)’?Is 1989 (Taylor's Version) coming soon? Or will fans have to wait months or even years before they get to hear it?
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