The sales figures look good in the USA. But there has been a recent 20% rise in oil prices. So we should be a bit cautious until we see the revisions as unexpected 'nflation' may have crept into the numbers. . GDN-Now has GDP growth at 2.8%. That is too high based on a retail spike alone. The consumer was deflating consumer prices just the prior quarter. I doubt the consumer found new cash, especially with such low job growth.
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