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Thu Jul 21, 2016, 06:06 PM

 

It Looks Like the U.S. Consumer Just Had Its Best Quarter in a Decade [View all]

The $13 trillion gorilla is beating its chest once more.

By Luke Kawa

You can't keep a $13 trillion gorilla down for long.

That's how Macquarie Capital Markets Analyst David Doyle describes the U.S. consumer, in a note to clients detailing the growing strength of the engine of the world's largest economy.

Doyle notes that the Atlanta Fed's GDPNow model, last updated on July 19, suggests personal consumption expenditures will expand in the second quarter by an annualized 4.5 percent quarter-over-quarter. That's a pace of growth not seen since the first quarter of 2006.

"Macro data continues to show that the global economy’s $13 trillion gorilla, the U.S. consumer, is getting even stronger," the analyst wrote.



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http://www.bloomberg.com/news/articles/2016-07-21/it-looks-like-the-u-s-consumer-just-had-its-best-quarter-in-a-decade

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Reply It Looks Like the U.S. Consumer Just Had Its Best Quarter in a Decade [View all]
Purveyor Jul 2016 OP
GummyBearz Jul 2016 #1
whatthehey Jul 2016 #2
GummyBearz Jul 2016 #3
whatthehey Jul 2016 #4
GummyBearz Jul 2016 #5