by Chad Shoop
The Sovereign Investor
With any sports team, you’re only as good as your players. In professional sports, that usually means one or two all-star players with talent around them.
But if you remove the one or two all-star players … like LeBron James from the Cleveland Cavaliers … they simply wouldn’t be NBA champions without him.
For the American economy, it’s the consumer who tends to carry growth. However, growth is usually spread out amongst corporations, government and exports, since a healthy consumer boosts those segments.
In the second quarter, we saw a different picture of the economy. One that recent earnings guidance says will not hold up through the second half of the year.