Whitney Tilson: “There is definitely a slowdown, I wouldn't say a recession…”

“What stimulus check was the stimmies. The stimmies is everybody got their stimmies during the pandemic and they piled into stocks and they had money to spend. Right. There is definitely a slowdown, I wouldn't say a recession, but a slowdown among low and moderate income American families and households. and therefore restaurant and retail companies that are serving those customers are seeing a lot of pushback, pullback in spending and pushback on price increases, for example.” (11:47–11:57)

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