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Sunday, January 30, 2022

US Personal spending fell 0.6% in December 2021.

 
The decline (-0.6%) in US personal spending is expected because of the persistently high inflation.  The US retail sales also declined in December 2021.

http://sg-stock.blogspot.com/2022/01/us-retail-sales-declined-19-in-december.html

The declines in US personal spending and retail sales don't bode well for the US GDP in 2022 because consumer spending constitutes 70% of the US GDP.

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