Saturday, April 30, 2016

Weekly Indicators for April 25 - 29 at XE.com


 - by New Deal democrat

My Weekly Indicators piece is up at XE.com.

There are continuing signs of a bottoming of the industrial recession.  But I am concerned about poor consumer spending.  I am increasingly coming to the conclusion that consumers' gas savings have been vacuumed up by increasing rents and house prices.