Mish in this past weekend’s WSJ the lead editorial “The Return of 3% Growth “ reported that tax reform and deregulation have lifted the economy out of the Obama doldrums. Then they go on to say that the most intriguing thing about all this is that the government’s annual revisions to long term GDP on Friday showed a sharp increase n the personal savings rate. The increase was due to an upward revision in wages and salaries and jumped to 6.7% from 3.4% for 2017 and averaged 7% in the first half of this year. That’s about 500 billion more n the pockets of Americans than previously estimated and helps to explain why the consumer has remained strong. With tight labor markets, consumer spending should keep contributing to growth.Well I was really surprised by all this. I thought the average consumer was on the ropes and having to spend savings and take on increasing debt just to try to keep up. I’m pretty sure u have already read this article, so I’d just like to know what u think about it.