MACROECONOMICS

Is There Intervention in US Economic Data?

All US economic data has been updated and revised surprisingly well in recent weeks...

In recent weeks, not only Viet Hustler but all readers have gone from one surprise to another regarding recent US economic data. 

First is the US GDP and consumption in Q2/2024, which was already good… was revised even higher. 

Last week: the US personal savings rate, which was near its historical low… was surprisingly revised to more than double the level from over a year ago.

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