Pretty much back on the pre-Covid trend line: But income is on the decline: So consumers are spending more than their incomes, mainly through borrowing:

Employment is still growing. Wages aren’t keeping up with prices so people are taking jobs out of necessity and to get healthcare: No sign of

Post-war collapse theme intact: Falling back to the pre-Covid war trend line: We’re back burning fuel with abandon:

Not growing when adjusted for inflation: Down but still high vs historical data: Trend still intact:       Trend still intact:

2008 type of collapse: Lowest ever: Saudi OSPs are still at premiums to fair market value, and the price trend is still up. If it

Not good: This is the automatic fiscal stabilizers doing their thing to slow things down during a recovery, and they keep increasing the pressure until

My take is we’ve had a one time upward adjustment in prices due to increased costs from Covid-related supply issues, along with supply side disruptions

This series keeps drifting lower as personal income isn’t keeping up with price increases: And the economy itself isn’t growing real personal income the way

Typical post war recession type of outcome, as previously discussed:   One reason for the low unemployment in the US is that for a lot