Report
Green light for US household consumption
Economic policy uncertainty is high (largely thanks to Donald Trump), and this is definitely weighing on the business climate in the US and investors' risk appetite. Productive investment is tending to slow. However, real GDP growth is holding up well due to strong personal expenditure. Households are seeing their incomes and wealth increase, while the cost of their mortgage falls. Their debt does not seem excessive and their savings rate is high. Historically, it takes an inflat...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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