In addition to the worrisome durable goods report (in the respect that it just continues the same contraction part of the slowdown), consumer confidence slipped suggesting that the rebound in stocks and prices of other risky assets are not striking a direct correlation. There may be a delayed effect, with “confidence” or sentiment in April still more focused on the [...]
If on the fence trying to decide whether surging job openings or tailing hiring is the true representation of the economy (recognizing that these are not mutually exclusive propositions, just that it isn’t very likely they both coexist in anything but subjectively statistical fancy) Gallup just offered far more of the latter. Should actual job openings hold some kind of [...]
To add another point to my earlier post on price changes and spending/revenue patterns, Gallup’s various economic polls show what I think are exactly the same problems. In the daily spending poll, the amount of self-reported spending has not really grown going all the way back to February 2013. Twenty months of largely stagnation is worse than it sounds given [...]
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