This Week's State Of The Economy - What Is Ahead? - 30 July 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Aug 11, 2021

This Week's State Of The Economy - What Is Ahead? - 30 July 2021

The big news for the day is the opening of the very first Louis Vuitton men’s store in Texas in the Houston Galleria.  Really, that seems like much more of a Dallas thing to me.

 

In other news, although the headline rate of Q2 GDP came in softer than expectations, part of that was due to supply chain problems as businesses had to draw down inventories to meet demand, resulting in a drag on growth and, I might add, also continuing to drag down bank working capital line borrowings.




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