Wages up 3%....Debt up 3.8%...againBorrow and borrow some more. Everyone cheer the "resilient" economy! Go buy a new $100k truck! Rack up that Visa card! Go take the holiday you deserve!
Once again the "buy now pay later" US economy delivers. Everything is awesome as the debt balances continue to break record after record.
All proof that a day of reckonning lies dead ahead. The can kicking has be an Olympic performance but even the greatest athlete can only run so many marathons back to back.
There's going to be some short term relief off of this data and it will probably see gold and gold miners take a hit.
Fine by me....I'm in no hurry and will be happy to buy in again at lower prices