- by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
Yesterday I wrote about how house prices appear to be at their peak for this cycle. And in the weekly high frequency data, there is more evidence that a number of other commodity and transportation measures - but not oil! - are also either at or already on their way down from their respective peaks.
This can be treated as good news - hooray, the supply chain bottlenecks are beginning to ease! - or bad news - OMG, users and buyers are refusing to pay these prices, a recession is coming! The rest of the indicators so far decisiveless bet to one side of that bet.
As usual, clicking over and reading should be educational for you, and slightly remunerative for me.