Consumers are growing more cautious, according to Klarna CEO Sebastian Siemiatkowski. Siemiatkowski explains that Americans' savings are starting to go down, while credit card debts are rising and, as a result, they are becoming more selective and price conscious.
Siemiatkowski reiterates that"Klarna is challenging the retail bank industry. This is a trillion dollar market opportunity, so there is very much real potential that this business could be worth hundreds of billions of dollars, if not trillion, if we accomplish what we set out to do.
A market forecaster has been buzzing about a generational buying opportunity in stocks. One long-time market bear disagrees.