Long ago I was told the tale of an ancient shaman who, approached by a woman who seemed incapable of bearing a child, suggested she sleep with her husband on a lion’s hide. Lo and behold she gave birth shortly thereafter to a son. A curious friend who also was barren asked her what caused the miracle. Thereupon she too visited the shaman, was given a tiger’s hide,
Americans made more and spent more money in March 2018 according to the Bureau of Economic Analysis’ report on Incomes and Outlays. However, in typical American style, consumers spent faster than their incomes grew, so the savings rate suffered. Finally, inflation’s trend seems to be nearing the Federal Reserve’s explicit target.
Existing home sales grew for a second consecutive month in March 2018 according to the National Association of Realtors. At a seasonally adjusted annualized rate, completed contracts rose 1.1 percent to 5.6 million units. However, the year-over-year tally is still 1.2 percent lower despite the strong monthly uptick.
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