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TThe Macro ButlerThe Macro Butler@TheMacroButlerSubstack · channel · 449 subscribers

PostRecord spending alongside record gloom isn't a confident consumer — it's an expensive one.

16 September 2026
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The Macro Butler
Record spending alongside record gloom isn't a confident consumer — it's an expensive one.
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TThe Macro ButlerThe American consumer, according to the Census Bureau, is thriving. August retail sales jumped 1.2% on the month — the strongest since March — and 6.0% year-on-TThe Macro ButlerThe optimistic one says the survey is noise and the till is truth. The other notes that these are nominal dollars in a month when energy costs surged — when pri
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TThe Macro ButlerThe Macro Butler@TheMacroButlerSubstack · channel · Business
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