19-07-2016 18:51 via feedproxy.google.com

America's '$13 trillion gorilla' is getting even bigger

There seems to have been one constant source of hope for the US economy over the past year: the US consumer.
Even as the stock market was falling, the UK was exiting, and corporate earnings kept disappointing, the US consumer has shown a resiliency that has buoyed the hopes of many economists.
According to the Macquarie consumer equities team, recent trends have highlighted that not only is the American consumer looking strong, but there are good reasons to think the outlook will only improve.
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