Stocks are at or near record highs, giving rise to an outsized wealth effect. But some banks are seeing new highs in sour loans. Two stories of consumption, two paths to ponder in the details.
The euphoria that greeted strong jobs numbers recently might be tempered a bit by Friday (July 29) GDP numbers that showed that the U.S. economy expanded at a less-than-stellar pace through the first half of this year. The data from the Bureau of Economic Analysis...
June 14, 2017
China’s latest economic data are expected to show retail sales growth was unchanged last month, and factory output and investment decreased slightly for a second month. According to Bloomberg, the data should reinforce expectations that economic growth will slow in coming months from the first quarter’s 6.9 percent expansion. In good news, consumption in the […]
