Markets are nervous, but Main Street isn’t: Wells Fargo CEO flags economic disconnect

Despite a 50% spike in oil prices and an escalating conflict involving Iran, Wells Fargo CEO Charlie Scharf reports a disconnect between market volatility and real-world economic health. “So, separate out the pure economy from markets and what people are nervous about in terms of what the future holds. The economy is still extremely strong. When we look at it, consumers are still spending, even with the increases in oil prices. They’re spending 20, 30%…

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