#125 - Freedom is the Secret Sauce of America
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Show Notes
We have mentioned in past UPdates the importance of monitoring the financial and sentiment of US consumers. The primary reason is American spending represents a whopping 67.9% of America's Gross Domestic Product (GDP) otherwise known as gross revenue from all transactions (illustrated below by JP Morgan). Imbedded in the matrix of consumer spending is the freedoms Americans have that has always been the foundation of the world dominate US economy. Read in this UPdate our analysis of core of the US economy, consumers' impact, and our projections for 2025.