Will Rahal

Week in Review: Dollar's Biggest Advance Vs. Euro in 3 Years

I believe the US Dollar is to be bought despite
the week economic numbers reported recently.

Nevertheless, the boost in retail sales caused by the rebate, is insignificant.

Compared with Canada, U.S. Economy Looks OK

If our GDP (optimistic)deflator were to be revised by 1% we would be in the negative side also.
I've charted Real PCE indicating a consumer-recession.
The 6-month % change has dropped to levels only seen during recessions.The report on Business Investment is more benign, but I believethat the consumer sector will lead the business sector down.