Tuesday, December 14, 2021

The state of the American consumer


 - by New Deal democrat

Yesterday I updated my alternative “consumer nowcast” fundamentals-based model of the economy, which serves as a check on my other models, and posted it over at Seeking Alpha.

Hard to believe that I first wrote up that model over 15 years ago way back when I was a fledgling diarist at Daily Kos. The one surprise has been that, back then, I didn’t think interest rates could decline further in any meaningful way. Silly me!

Anyway, for a review of the economy based on the state of the average American household, go over and take a look. Any my lunch money will thank you.