Savings rate

US savings Rate still quite elevated but moving back towards trend. it is hard to generate inflation when everyone saving money

Also per the St Louis Fed FRED website Consumer Debt declining. hard to generate above trend Inflation when Savings above average and Consumers paying down debt. More pieces to the Higher Inflation “puzzle” but two things to take notice here.

Over the last 30 minutes comments from Mnuchin, trump and A Pelosi Spokesperson indicating a Stimulus deal is still far from certain. Spoos and Nasdaq below yesterdays lows,10 year yields below yesterdays lows,30 year yields below yesterdays lows also below 200 D MA. No stimulus trade in Effect, Dollar still red on day a turn in too Green likely to pressure stocks more, gold silver trading lower as you might expect on A “no stimulus ” move

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.