The Personal Savings Rate in the US averaged 3.3% in 2022,
the 2nd lowest of any year on record (trailing only 2005).
Mitigating factor: this came after the stimulus-driven surge
in savings during 2020 (record of 16.8%) & 2021 (11.8%) |
00:01 -
13/02/23 |
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EBIT/EV value spread has blown out to a new all-time high |
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Corporate bonds yield less than the Fed funds rate for the
first time in 30 years |
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Financial conditions (using
GoldmanSachs
Index) have eased considerably over past 90 days, now at
fastest rate since September 2020 |
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Retail sector wage growth is slowing markedly ... +0.6% gain
in 4Q22 was slowest since 4Q19 |
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