- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
Surprisingly, most of the data is almost relentlessly positive. In particular, those things most tied up with AI — corporate profits, stock prices, and downstream consumer spending — are particularly strong. Also, American energy companies are making windfall profits from the closure of the Persian Gulf, which makes oil sourced elsewhere rise sharply in price.
In fact, consumer spending as measured by Redbook, has actually gotten *more positive* YoY in the past few months!
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me a little bit for my efforts.
