The US economy is BOOMING right now and American’s are earning more money then ever before…
The US Treasury releases DAILY figures of tax witholdings for the 140 million Americans who are subject to automatic tax witholdings. By comparing this data to the same data over the previous year you get accurate, real time insight into how much money Americans are making.
Last year incomes went up about 9% YoY…April looks like we are tracking about 8.5% YoY…
There is a lot of cash being generated and funny enough, most of the retail mutual fund investors (eg. the dumb money) are focused on sending their own dollars into global funds. When the shoeshine boy is talking about shorting the dollar and buying Australian wool…its time to consider taking the other side of the trade.
With this kind of growth in our own economy, the fed isn’t going to stop raising interest rates at 5%…
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