More Termites Under The Q1 Headline: Income Growth Was Punk

Nominal DPI per Capita rose just 3.23% year-over-year in March. That’s more like the downturn raging in September 2015 than the reflation optimism of September 2017 when inflation hysteria, driven by expectations for an economic boom, were really getting going.

 

 

 

 

 

 

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