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This is an excellent piece, glad it is publicly available. It takes a look at details that paints a much better picture than anything I have seen in the mass media space. The analysis may be there in other channels, but maybe hidden behind paywalls. The analysis is incredibly useful and enlightening to understand the growth engine and picks up the nuance often overlooked by everyone; participation rate and the specific spending categories. This give me a much better understanding of areas that may cause issues later and better shape my spending and investing strategies. Thank you!

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Thank you Dean for your kind words. I am glad you enjoyed my style of macroeconomic breakdowns. I know you have are subscribed to my newsletter, so stay tuned for more and feel free to provide any feedback, as I am always looking for ways to improve.

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