Aug 2016

[admin]

Really remarkable article (here) arguing the US economy is much stronger than most people seem to think:

• GDP growth measured in another way (Gross Domestic Income GDI) is much more robust
• And this sits much better with a host of other data, record car sales, home sales, rising employment, credit, wages
• Wage growth especially is much larger than even we thought.

Interesting stuff. It also means interest rate rises are coming.