Forget about the blistering pace of economic growth in the United States this past quarter: Americans are hurting, and one market strategist believes life might be about to get a whole lot worse.
Speaking to CNBC’s Squawk Box Europe, Longview Economics founder Chris Watling argues U.S. households are “walking towards a cliff, basically” and warned the excitement around strong retail sales is not justified. That poses a problem for U.S. growth as spending by consumers accounts for over two-thirds of the economy.
