Goldman Sachs Analyst Warns of Consumer Pressure as Stagflation Intensifies Goldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics, heavily indebted consumers face mounting pressures as pandemic savings dry up and economic growth falters. Analyst Bonnie Herzog’s team corroborates Feiler’s view, observing that the U.S. consumer is increasingly stretched, grappling with high inflation, rising unemployment, and elevated interest rates that erode spending power and confidence.
