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Bob Elliott, co-founder / CIO at Unlimited, highlights that the latest comprehensive wage growth data released late last week indicates continued slowing.
He further confirms that household spending is increasingly being financed by dissaving.
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Elliott has previously emphasized the role of low-cost hedge fund strategies in improving portfolio outcomes for investors. He has also reflected on longstanding skepticism regarding forecasts that China would outpace the U.S. economy. These views add context to his recent commentary on wage growth and household spending trends.