- by New Deal democrat
My ‘Weekly Indicators’ post is up at Seeking Alpha.
The slow drip-drip-drip of deceleration generally continues. Perhaps most significantly, YoY consumer spending as measured by Redbook sank to a new post-pandemic lockdown low of only +1.5%. But other coincident indicators in particular, like tax withholding, appear resilient.
As usual, clicking over and reading will bring you up to the virtual moment as to the economy, and reward me a little bit for my efforts.