The Week That Will Be (14th November 2021)

1. The Consumer
Expect a strong release for retail sales from the US on Tuesday and the UK on Friday as consumers likely pull forward their holiday season purchases on scare stories of supply bottlenecks. As with most data released since the pandemic took hold, one month's figures cannot be taken as part of a regular undulating boom/bust cycle. A splurge of spending now will give way to a spasm of saving later. The US savings rate has plummeted from 20% at the start of the year to 7.5% now, in . . .

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