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‘THE GREATEST ECONOMY EVER’!!!!

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Job openings in the US were expected to rise in December but instead they recorded a sharp fall.

And Boeing scored no new orders for airplanes last month, the first time it has come up empty-handed in January since 1962.

American household debt rose by +US$600 billion in Q4-2019 to take overall household debt to US$14 tln for the first time. The rise was led by more housing debt which is now approaching US$10 trillion. Household debt now exceeds 67% of American GDP.

And the Fed said it sees the US economy operating at a "moderate" level at present. In particular, they see consumer spending easing off. And they say they are watching the coronavirus "closely".