M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
This chart, on US personal spending, also required a re-calibration of the y-axis--first to accommodate March's 6.9% drop and, now for April's 13.6% fall. Also of note re today's data: Slight rise in consumer sentiment, but short of consensus expectations Fall in wages offset by relief payments. #markets #economy
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