The world economy isnt flat …its dropping!

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“It’s Probably Time To Sell!” – Guggenheim’s Minerd Warns Of Delta’s Looming Threat To Risk Assets

All in all, as far as markets and the economy are concerned, “Things couldn’t be better.” If that’s the case, I guess it’s probably time to sell!

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US Consumers Burn Through Almost All COVID ‘Excess Savings’ As Buying Intentions Crater

While most economists were keenly focused on today’s core PCE data in the Personal Income and Spending data, we were far more interested in the spending power left inside the dynamo that is responsible for 70% of US GDP: the US consumer. And unfortunately, there is very little left.

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