The Labor Differential improved to 6.6 (jobs are easier to get) - its highest since March - but plans to buy cars and major appliances slumped (homes rose modestly) as expectations for income gains in the next 12 months dropped.
...if we treat pollsters the way we do central banks, we will simply increase their budgets so they can tell us --inaccurately-- what more people are thinking about more aspects of their lives...
In an economy that is $75 Trillion in debt, requires $5.50 of debt per $1 of growth, and running a $3 Trillion deficit, rates can’t rise much... Which is also why the Federal Reserve is now forever trapped at zero.
CAT "is typically seen as a bellwether for the economy, so analysts looking for hints as to how the recovery from the pandemic is progressing were likely disappointed."
Unlike what candidate Biden wants to do, the next US president should not copy the European Union... we know that the March measures and aggressive lockdowns were a grave mistake...
