Report
What are US households doing with their cheques? (a macro take)
US household savings accumulated since the beginning of 2020 continue to grow. They were close to the $ 2tn mark even before the Biden cheques were issued. Is this a reserve of purchasing power that is ready to be quickly transformed into consumption, at the risk of triggering a sharp rise in prices? This fear seems excessive in view of the way in which households are using this windfall. About a quarter is spent. The rest is used to pay off debts, or to save and invest. These fi...
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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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