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

[Purveyor]

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.



MORE...


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

[GummyBearz]

1. Consumer had its best quarter? Does that mean we just bought a lot of crap

or that prices went down and consumers could afford more? I guess it depends which side of the coin you're on

[whatthehey]

2. It means the economy continues to improve

In other words horrible news for incorrigible whiners and doom addicts who try to twist all positive news into the promise of vermin stew and crippling want. Long may such fools continue to be frustrated.

[GummyBearz]

3. That is the literal definition used by the financial markets?

Ok.... interesting. I knew they were fucked up after the double whammy screwing we got after the back-to-back dot com crash and housing crash, but they sound like bigger turds than I previously thought

[whatthehey]

4. Darn close. And you can only lose

If you're silly enough to sell. Sensible people buy low and sell high. Simple concept. God I love the rantings of doom seekers in good times.

[GummyBearz]

5. Why would I seek doom when I'm net long right now?

Btw, in order to buy low, prices have to go low. That is half the equation you just enlightened the world with.