New Deal democrats Weekly Indicators May 8 – 12
Weekly Indicators for May 8 – 12 at Seeking Alpha
– by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
There was more slow deterioration in the coincident indicators, but interestingly a bounce in several of the short leading indicators, particularly in the weakness of the US$ (which paradoxically is a positive, because it helps exports and crimps imports).
But the biggest news was in one of the twice a month indicators, consumer confidence from the University of Michigan, which did this:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZuVfQPr_rohWavabKO5qZYghs_Z9KTcNDDTX9ytGT_4jngI7Lzv6IEhPnaYuclcSXugSVTMh5pLvmxd4b8-sK3Zi2kh_7411g3jBhnkiWzORqXx5SO2JF06Zm_2XMbQGBOQc33f6PAIybTXyVRBRIKZ_MoRHO8LqyMFRGbMoyIOGN7vjzuuQkglOUVw/w400-h243/F9B4F286-DF4C-4B29-A294-BE6F3B332FD9.gif)
As I wrote yesterday, in 2011 all of the indicators cratered at once, and in particular consumer confidence, so the sudden downturn in consumer expectations in the past couple of weeks is a bad sign.
New Deal democrats Weekly Indicators for May 1- 5, Angry Bear, New Deal democrat