US Consumer – The $13 trillion Gorilla In The Room

The state of the consumer economy is a major concern for large developed economies around the world. Manufacturing sectors in developed markets are contracting and as China continues to depreciate the renminbi it’s unlikely manufacturing industries in the advanced economies such as the UK, the US, and Europe will ever be able to regain their former status. So for the US, the UK, and Europe the health of the consumer is critical. Unfortunately, since Brexit reports on the health of the consumer have been mixed. Consumer Spending Holding Up Post-Brexit: Barclays According to data released today by the European Commission,…