Korelin Economics Report

Non farms productivity disappointment and higher household corporate debt

Chris Temple joins us to chat about a couple data points that were released this morning. First the US non-farms productivity disappointing at -0.5% from an estimated +0.5%. This is likely contributing to the falling US Dollar but for some reason the equity markets do not care as those are up. Also household debt increased again being lead by auto-loans and credit-card debt. These stats further drive home the continuing struggles of the US economy to spur growth.

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