The U.S. Consumer Is Fine: Picet Wealth Management

The video discusses the current state of the US consumer, highlighting the strength in retail sales and credit card data despite dismissive consumer surveys. It examines business surveys, noting strong order books but potential risks of fake orders. The discussion shifts to the Federal Reserve's tapering plans, emphasizing the likelihood of a cautious approach by Jerome Powell. Finally, the video explores inflation risks, considering the possibility of higher inflation rates and their impact on Fed policy.

What is the speaker's perspective on consumer surveys and their reliability?

How does the speaker assess the current state of the US consumer?

What concerns does the speaker express regarding the business surveys?

What are the potential risks mentioned about the order books in 2022?

What is the speaker's view on the Federal Reserve's approach to tapering?