- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
Two cross-currrents I mentioned in my long piece yesterday were very much in evidence in the high frequency data this week: huge gains in aggrgate YoY consumer spending, and very weak withholding tax collections. My take on this is that the top end of the income distribution is doing very well, thank you, while the lower levels are struggling.
A 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.
