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Six Catalysts For ‘Atlas To Fall’
If there's one thing you can depend on in a world where everything's amiss, it's the US consumer.
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The Consumer Credit data for February released yesterday sure confirms the risk. So much for “the consumer is in great shape.” Today’s wholesale inventories/sales numbers for February suggests another source of potential weakness.
But it appears that the uber-hawks at the Fed only look at employment data so none of this matters.
H-Man, the consumer resembles something that has been attacked by a python. Slowly squeezing the life out of it with no chance of escape.