Every single recession, the world turns to the American consumer to kick it into high gear to get the economy moving again. All stimulus seems to be directed towards boosting the buying power of Americans. More mortgages, more credit cards, more debt. But in 2018, something quite fundamental will change.
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Sources Used in This Video:
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The Chinese are now buying as much stuff as Americans, a game-changer for the world economy - The Washington Post
https://www.washingtonpost.com/news/wonk/wp/2018/01/11/the-chinese-are-now-buying-as-much-stuff-as-americans-a-game-changer-for-the-world-economy/?utm_term=.6d506d7738da
Feds Collect Record Income Taxes Through December; Still Run $225 Billion Deficit
https://www.cnsnews.com/news/article/terence-p-jeffrey/feds-collect-record-income-taxes-through-december-still-run-225
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Facebook Changes Could Mean Less Time Spent on Site; Shares Fall - Bloomberg
https://www.bloomberg.com/news/articles/2018-01-12/facebook-ceo-unveils-news-feed-changes-says-engagement-may-fall
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Walmart plans to cut more than 1,000 corporate jobs | Fox Business
http://www.foxbusiness.com/markets/2018/01/12/walmart-plans-to-cut-more-than-1000-corporate-jobs.html
Walmart to shutter 63 Sam's Club locations
https://www.cnbc.com/2018/01/11/walmart-to-shutter-some-of-its-sams-club-locations.html
Food riots grip western Venezuela, mob reportedly slaughters...
https://news.trust.org/item/20180112035017-q9adf
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