by New Deal democrat
Weekly Indicators for June 22 – 26 at Seeking Alpha
My Weekly Indicators post is up at Seeking Alpha. The coincident indicators, as well as the short leading indicators, have continued to improve gradually each week.
But this week may be the near term peak, as the reality of renewed exponential spread of the coronavirus in recklessly reopened States starts to hit home. You cannot force people to patronize businesses if they believe it is unsafe, and when complacency leads to new outbreaks, the pain threshold will be hit at which people pull back again. Most noteworthy is that restaurant reservations did not improve in the past week – people are shying away from danger.
As usual, clicking over and reading rewards me with a little jingle in my pocket as well as bringing you right up to date with what is happening in the economy.
P.S.: I plan on putting up an extra coronavirus update later today. Stay tuned.