- by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
There have been some interesting counter-trend movements in the indicators. For example, interest rates on mortgages have declined by more than 1% since their peak one month ago. Gas prices have declined by about $0.80/gallon, or almost half of their increase that coincided with Russia’s invasion of Ukraine invasion (remember my posts in 2010-14 about the “Oil choke collar?”).
It’s a reminder that, even as recessions potentially begin, the leading indicators may begin to foretell its end.
As usual, clicking over and reading will bring you up to the virtual moment on the data, and reward me a little bit for collating it for your benefit.
