- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
Along with the continuing resilience of consumer spending, which I wrote about yesterday, the other surprise in the data has been the strong rebound in manufacturing indexes in the past 45 days, as evidenced by several of the regional Fed situation reports released in the past week. All of this is part of a complex reaction to the chaos of imposition/postponements etc. of tariffs. Needless to say, it remains to be seen just how durable this is.
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and bring me a penny or two for lunch money.
Addendum: speaking of yesterday’s post, there is one graph that didn’t make it in there, but is an important part of of the overall picture; namely, that the share of total spending by the top 10% of consumers is at an all time record high:
