Dynamic Data

dataWhile the rest of the planet economically cools or worse, goes into reverse, today’s data shows that the US economy is doing well. First-time weekly claims for unemployment insurance fell and are remarkably low, existing home sales rose 1.5% and are at their highest level of the year, the Philadelphia Fed Manufacturing Index hit its highest level since 1993 and all this while inflation remains benign! No champagne, but beer.

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