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Sunday, August 16, 2026

The US consumption had crashed!

 US retail sales had crashed!

We had stated previously that the US consumption was unsustainable when we analyzed the US GDP and the latest US retail sales had corroborated our previous analysis.

https://sg-stock.blogspot.com/2026/07/the-us-q2-gdp-is-worse-than-q1-and-us.html

The US inflation expectation had risen in August because of the intensification  of the Iran war.

This doesn't bode well for the US economy because the US consumption won't rebound in an ever rising inflation phenomenon.

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