Some Things Will Not Change, And That’s Why Nothing Changes

By |2018-06-06T16:20:13-04:00June 6th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Auto sales improved only slightly in May 2018 from more dismal results over the prior few months. Unit and retail sales were projected to be +3.5% year-over-year last month. Almost immediately, these numbers (really just the plus sign) were celebrated as clear evidence that consumers were spending in true boom fashion. Encouraged by a strong job market and vibrant housing [...]