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But we saved everything 🙂.
Bob Elliott, co-founder / CIO at Unlimited, points out that Japanese household real spending is contracting at a 3 percent pace.
He suggests this indicates the Japanese economy is not in need of tighter monetary policy, either through higher interest rates or a stronger currency.
Earlier this year, Elliott highlighted that U.S. manufacturing data showed a 0.6 percent year-over-year increase but remained below 2022 levels. He also noted that markets were expecting a quick resolution to the Iran conflict, even though oil prices stayed elevated. These observations reflect Elliott’s ongoing focus on data-driven trends in global markets.