Something is out of place.
There is a massive divergence between retail sales vs. coincident indicators.
If it's all driven by fiscal stimulus....
Why aren’t we seeing a major turn in economic activity?
There is a massive divergence between retail sales vs. coincident indicators.
If it's all driven by fiscal stimulus....
Why aren’t we seeing a major turn in economic activity?
Are strong retail sales due to higher prices rather than volume?
Except for the GFC:
Capacity utilization is well below or at similar levels reached at the worst part of all recessions of the last 53 years.
Aggregate supply remains largely constrained.
Except for the GFC:
Capacity utilization is well below or at similar levels reached at the worst part of all recessions of the last 53 years.
Aggregate supply remains largely constrained.
While it's not a component of this retail sales index, the auto industry would be a great example.
Car makers are extremely behind in annual production due to the pandemic.
12-trailing months production just reached its lowest level in history.
Car makers are extremely behind in annual production due to the pandemic.
12-trailing months production just reached its lowest level in history.
As a result:
Consumers are crowding into the used car market, causing prices to surge to unprecedented levels.
Again, this is mostly a supply problem.
Matter of fact:
According to @EconguyRosie consumer sentiment survey on auto buying plans just collapsed to a nine-year low.
Consumers are crowding into the used car market, causing prices to surge to unprecedented levels.
Again, this is mostly a supply problem.
Matter of fact:
According to @EconguyRosie consumer sentiment survey on auto buying plans just collapsed to a nine-year low.
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