14 lines
1.5 KiB
JSON
14 lines
1.5 KiB
JSON
{
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"HubID": "5376",
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"Date": "8/14/2025",
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"HubTags": [
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"External Platform Posts",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "5376__Image_URL.webp",
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"Summary": "Consumer spending is imbalanced, portending significant slowdown ahead, but the long-term story for our next economic supercycle and prosperity remains intact. At present, we see spending concentrated in financial services and insurance (homeowners insurance has seen massive increases), healthcare (driven by an aging population), and housing and utilities (real estate values are through the roof, coupled with higher interest rates, while utility rate increases are just getting started). This takes away spending available in other categories, especially discretionary, which across the board is depressed. What shocked me was how healthcare spending has rocketed up massively over the last few decades, fueled significantly by Medicare and Medicaid, which now account for 50% of all healthcare spending. Unfortunately, healthcare spending will continue climbing, climate change and environmental disasters will continue to skyrocket insurance costs (home, rental, auto), and our lack of electricity generation capacity means huge rate increases ahead. As government spending implodes, that burden shifts to consumers. But innovation is forthcoming to reverse these trends—we just have to embrace it and strive towards this tremendous future, not stay anchored in the past. via https://lnkd.in/gBaVGgE9<p> via https://adamjosephson.substack.com/</p>",
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"Notes": ""
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} |