Macro in a Minute This week saw significant revisions to U.S. GDP data that help explain the resilience of the U.S. economy, along with notable stimulus from the Chinese government that impacted equity and commodity markets. Today’s annual revisions increased the level of GDP 1.3% above previous reports. Also, real disposable income was revised up
MoreWhen I visited Grannie as a wee boy in Aberdeen, Scotland, I remember coal being the heating fuel of choice. Bedtime meant a hot water bottle and clothes were washed by hand in the scullery.
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