Household consumption just hit a wall. Retail sales have fallen to post-pandemic lows, and the culprit is clear—property prices keep sliding, squeezing consumer confidence and purchasing power. When real estate value drops, people tighten their wallets. It's a classic wealth effect problem.

But here's what matters: economists are already pricing in government intervention. According to analysts at a major wealth management firm, fiscal stimulus is looking increasingly likely for 2026. That's the kind of macro signal that ripples across asset classes, including digital assets.

The question for investors isn't just about consumer spending—it's about what comes next. Will governments lean on monetary or fiscal tools? Will stimulus flow into traditional markets or spread across multiple asset categories? These moves typically create volatility and opportunity, depending on execution timing and scale.

For those tracking macro cycles, this slowdown is a pivot point worth monitoring closely. Economic weakness + policy response = market repositioning.