- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
The high frequency data continues to confirm my Big Picture outlook that after a near-miss or possible “mini-recession” late last year, the economy is rebounding. In particular, the YoY improvements, already Booming, in consumer spending are accelerating even more. Some of this is probably the wealth effect from stock portfolios, and some may be big tax refunds to upper income households due to last year’s Billionaire Bust-out Bill.
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me for putting it all together for you with a little gas money for summer excursions.