Hello, fellow Rebel Capital. I hope you're well. So we have a lot of big time CEOs coming out

and giving dire warnings about the economy and the consumer. And of course, I think this is going to go

right back into the labor market, that doom loop we always talk about. But let's go right over to this article

from Zero Hedge. I'll show you guys exactly what's going on. And then we'll connect some dots.

And I also have a big bonus for you. At the end of this video, I want to go over the inflation data

we just got today. This was delayed, but I think this is really going to

impact the Fed's decision as to whether or not they're going to pause or drop interest rates.

So let's start by doing a screen share and going over to zero hedge.

And here we go.

So consumer strain moves beyond low income into the heart of the middle class.

So this is according to Goldman Sachs managing director Kate McShane.

She provided clients of the summary of the key takeaways from her meetings with investor relations and management teams of Bath, BodyWorks, B.J's wholesale club.

I've no idea what that is. I'm guessing maybe like Sam's Club. The Home Depot, Walls, Target, Walmart, and Williamson. Actually, a lot more than that.

So this is, I think, a great picture to describe what's happening here to, let's just say,

90% of Americans.

You've got the 10% with assets and they're Scrooge McDuck just swimming around

in their piles of gold, you know, popping bottles at the club, maybe. Well, the bitcoins were doing

that, not so much lately. But I think this is an accurate visual right here. And getting back to it, let's see, the next thing I've highlighted, low to middle

income consumers remain fragile.

I think they're getting more fragile, value driven and cautious ahead of holiday spending.

That's a big deal because the holiday season is when the market expects for all of these big corporations, especially the

retailers, to have just booming profits, windfalls that really kind of, for a lot of them, make

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