Decreasing spending power is signaling trouble for the economy, according to Chris Watling American consumers are facing challenging times, with household spending expected to cool further, Chris Watling, the chief executive of the financial advisory firm Longview Economics, has warned. In an interview with CNBC this week, the strategist cited the latest economic indicators showing consumers have been quickly running out of excess cash while household savings have been under growing pressure. “I think the US consumer is walking towards a cliff, basically,” Watling said. “Of course, retail sales have been quite str
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