The Bifurcation in the US Economy

There's a huge bifurcation in the US economy right now where the habs really have it and the habs not are really struggling. We're seeing month after month of record uptake on credit cards as well as the extra $3 billion that I just said is being pumped into the economy via the ERC tax credit. But when you see housing starts at the highest level compared to permits since the 1990s, there's something funky in the data.

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