From Reuters via Yahoo Finance, January 17:
DAVOS, Switzerland (Reuters) - U.S. consumers are still in "pretty good shape" and their wages are growing even as the Federal Reserve continues to withdraw excess liquidity from the system, Bank of America Chief Executive Officer Brian Moynihan said on the sidelines of the World Economic Forum's annual meeting at Davos.
"The consumers are spending, their wages are growing and frankly, there's still a lot of stimulus ... Social Security payments are going up at a high rate," Moynihan told Reuters.
"Things like that are going to add more fuel that they can use to spend," he added.....
....MUCH MORE
And with that, possibly premature optimism, and with a nod to one of our progenitors we will move on to next week's busy earnings calendar.
Evolution Going Great, Reports Trilobite
Slowly inching his segmented exoskeleton across the sea floor, a local marine arthropod, class Trilobita, reported that Earth's natural evolution was "progressing quite nicely."Little did the Trilobite know...
"Things are looking mighty fine," announced the prehistoric invertebrate, taking measure of his surroundings through a series of small, hexagonal eyelets located at the tip of his thorax. "Sulfurous gas seems to be bubbling up to the surface pretty good, and several single-cell organisms appear to be mutating at a rather steady pace. Also, just today, I developed the ability to roll into a small protective shell in order to avoid predators."
Added the trilobite, "Yup, this evolution thing is going great."...
(last seen in October 2022's Risk/Prop Bets: How unlikely is a doomsday catastrophe?)
