- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
There were no big changes this week, but what continues to stick out in the data as far as I am concerned is just how strong consumer spending continues to be: weekly retail spending was up nearly 6% YoY, and restaurant reservations - a very easy thing to cut back if consumers feel pinched - are up 10%. That simply is not compatible with a big slowdown.
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and bring me a penny or two in my pocket for organizing the data for you.
