September 15, 2023 – Chris Puplava, Chief Investment Officer of Financial Sense Wealth Management, highlights the importance of distinguishing between real and nominal data when evaluating the economy's robustness, especially concerning consumer spending statistics. Chris points out that the real amount of goods and services purchased over the past two years has remained relatively flat, but the continual rise in prices gives the appearance of economic growth. This perceived growth became evident in recent retail sales reports. Additionally, Chris delves into the U.S. government's spending influence and contrasts current stock market trends, as seen in indices like the S&P 500, Nasdaq, and Russell 2000, with past significant upturns.
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