GDP, durable goods orders, jobless claims
No recession here, as the Fed continues to flood the economy with fresh deficit spending on interest payments 😉 “Real GDP turned up in the
October 27, 2022
PMI composite, light vehicle sales, house prices
Some weakness, maybe, but no recession yet: Looking like the increased government deficit spending due to the rate hikes is helping: The post-Covid growth spurt
October 25, 2022
Housing, jobless claims, Architecture billings, Fed beige book notes
No sign of a slowdown here: Still seeing expansion overall:
October 20, 2022
Housing permits and starts, GDP forecast
Permits back on trend after a post-Covid bounce? Starts down a bit but perhaps leveling off around pre covid levels. Certainly not a major collapse
October 19, 2022
Industrial production, EU trade, miles driven
No sign here that the rate hikes have slowed growth: This is what has been hurting their currency: This series is showing signs of slowing,
October 18, 2022
Retail sales, consumer sentiment
Leveled off well above pre-Covid levels, and were held down by falling gasoline prices- no recession here: Adjusted for CPI/inflation: This was falling from the
October 15, 2022
Commercial real estate leading index, producer prices, consumer prices, jobless claims
Looking up, as have been most indicators since the rate hikes, which continue to add serious amounts of interest income paid by government (deficit spending)
October 13, 2022
Employment, GDP Nowcast, oil prices, equity comment
Employment growth remains strong as rate hikes continue to contribute to a now rising federal deficit that is supporting growth, contrary to Fed expectations. This
October 8, 2022
ISM services, ADP, oil, trade, Fed Atlanta GDP Now
Remains in positive growth mode: No recession indication here- this is a forecast for Friday’s employment report: My take is at the July meeting with
October 5, 2022
CB gold purchases, heavy trucks, total vehicle sales, mortgage purchase applications, new homes under construction
Central Banks Are Stocking Up On Gold Which Countries Own the Most Gold | SchiffGold “Central banks purchase a net 270 tons of gold through
October 5, 2022