This is incredible:
The current savings rate for US adults is below levels seen in any other rate cut cycle in HISTORY.
The current savings rate of 2.9% less than ONE THIRD of the historical average of 8.9% seen in previous rate cut cycles, according to Reventure.
Furthermore, we have not had a Fed rate cut cycle without a recession since 1998.
In fact, 10 of the last 14 rate cut cycles have resulted in a recession, according to Reventure.
Meanwhile, US debt to GDP stands at 123.2%, nearly 2.5 TIMES the historical average during rate cut cycles.
Is this really a "soft landing?"