New Deal democrats Weekly Indicators for February 10 -14
– by New Deal democrat
There’s no significant economic news today. Since I didn’t publish a link to my “Weekly Indicators” post up at Seeking Alpha over the weekend, here it is now.
Left to its own devices, as I’ve written a number of times recently, the economy is in “steady as she goes” mode, with few significant moves in any of the indicators, with the short term forecast and the nowcast both continuing to look good.
Of course, it’s the “left to its own devices” which is, shall we say, chancy at the moment. But in the meantime, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me with some lunch money as well.
The Bonddad Blog
New Deal democrats Weekly Indicators February 3-7 2025, – Angry Bear, by New Deal democrat
NDd:
With all the firing going on, there has to be some impact to the economy. It is not just the government anymore. Companies are now doing such also.
@Bill,
Too soon to see an effect, methinks. The markets have priced in tariffs for now. The effects of losing immigrant farm and construction workers won’t be seen in inflation for another few weeks. Same with effects on retail spending until unemployment benefits run out. The question is whether the effects will be enough to affect the debt ceiling vote in March, and if it leads to a government shutdown.
Joel:
Hmmm . . .
A Microbiologist (did I get that right?) lecturing me on the economy. 🙂 I was not thinking of tariffs or Unemployment bennies. I was thinking along the lines of unemployment numbers (U3). Corporations are shooing people out the door also. There numbers of dismissed workers should be greater.
I see “a bad moon on the rise” with the economy. Perhaps another 2008 type with the gov bringing it upon the economy by trump and musk actions.
@Bill,
Just because I’m a molecular biologist doesn’t mean I can’t read or understand anything else. I’m smart and literate. I gave my reasoning, not ad hominems or appeals to authority.
I don’t disagree with you about the likely outcome, I only point out that it’s too early to expect to see the consequences of the Trump/Musk Administration mistakes.
Joel:
Just kidding you. Nobody (including me) would or should challenge your intellect. I am just looking out to the future.