Nonconsensus

Nonconsensus

Dissaving Drives Decent Demand

Household demand looks to have remained firm to wrap up the year despite weak job and income growth, highlighting an economy running on dissaving to keep going.

Bob Elliott's avatar
Bob Elliott
Feb 10, 2026
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This week brings a pile of headline hard data stats for the US including an employment report, CPI, and retail sales. Of these the most important is today’s early read on December numbers.

That’s bec…

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