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Consumption numbers today were weak as the global health crisis continues and fiscal support has expired, Ed Harrison told Real Vision during today's Daily Briefing.
Harrison said we're only getting about 1% growth on consumption, and that's not going to do it in terms of a V-shaped recovery. He questioned what that will mean for the data we have yet to see in August and beyond and wondered what it will take for the real economy to dent a market trading at 25 or 26 times earnings.
Harrison also discussed inflation and his view that