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Weekly Economic Perspectives: US Savings Rate Spike Shows Consumer's Financial Cushion

Last Week's Highlights

  • The Economy
    Fiscal stimulus boosts US household incomes. Canada’s domestic demand at post GFC lows. German retail sales hold up better than expected. The worst is possibly over for Japan’s labor market. Australian firms downgrade their CAPEX outlook significantly.
  • The Market
    Impressive stock market run continues. Bond yields are little changed but rally in Italian bonds continues. The dollar softens as risk sentiment improves. Oil posts another big gain.