Pantheon Macroeconomics

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26th Oct 2021 00:20U.S., Economic Monitor

  • The Delta Covid wave has depressed consumers' confidence, but not for much longer.
  • In any event, the key driver of spending next year will be cashflow and the rundown of accumulated savings
  • New home sales likely rose again in September, as the re-rebound continues, but the Ida hit is uncertain.

activity bank board cash confidence consumer consumer confidence consumption deposits economy energy existing home sales forecast goods home sales homebuyers households housing housing market income inventory it market mortgage new home sales sales savings sector services services sector spending stock surveys weather winter

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Keywords for: Cashflow--and Cash Stocks--are More Important than Confidence

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