- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
With the yield curve close to completely normal and mortgage rates at or near 3 year lows, and the housing market reacting to those, the longer range picture is improving.
But what is going to drive (in more ways than one) the immediate future is that gas prices are at the lowest they have been in almost 5 years:
This is similar to, although much smaller than, the big unwind of prices in 2022 that created a positive supply shock saving the economy from recession.
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me just a little bit for collecting and organizing the data for you.
