- by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
Despite the fact that Delta has been almost as bad as last winter’s wave of infections, which was the worst to date, and has been almost as bad in terms of deaths as the first wave that hit the NYC area hard, it has had almost no effect on the economy, and in particular consumer behavior.
In the longer term, relatively low unemployment and higher inflation may spur the Fed to raise rates sooner rather than later, but this has not dragged down the long leading indicators too much at this point.
As usual, clicking over and reading should bring you nearly up to the moment as to the economic situation, and bring me some lunch money.