Consumer sentiment takes a tumble
Summary
Marketplace examines slowing US consumer spending and China’s economic downturn, where weak domestic demand drives cheap exports. Alison Schrager defends GDP as a vital accountability tool despite its flaws. The episode also covers Colorado’s surge in fraudulent business registrations, Reddit’s addition to the S&P 500, and how Middle East conflicts boost US plastic profits. Finally, it notes rising 30-year Treasury yields.
Topics discussed
Odoo ad and show intro
US consumer spending and economic indicators
China's economic slowdown and export surge
Defense of GDP as an economic metric
Fraudulent business registrations in Colorado
Marketplace Numbers: Stock and bond updates
Ads for Odoo, Dell, Raymond James, and Optum
Reddit joins the S&P 500 index
US plastics industry profits from Middle East conflict
Rising 30-year Treasury yields and survey promo
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