New Deal democrats Weekly Indicators November 10 – 14
– by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
The trends of strong retail spending, a weak US$, and strength in commodity prices all continue. But in recent weeks withholding tax payments have waned. While there can be a number of causes for that, it definitely merits a caution flag as to job creation.
AB: Some other notes of interest (Consumer Checkpoint . . .
- Holiday shopping is up. Consumers may be paying more for less. Spending on holiday items per household surged 5.7% YoY through October. Bank of America card data shows retail transaction volumes have slightly declined since January.
- Large gaps continue between both higher and lower-income households’ spending and wage growth. Higher-income households saw 2.7% YoY spending growth in October. Lower-income groups lagged at just 0.7%. After-tax wages increased at 3.7% YoY for higher-income households and 2.0% YoY for lower-income households.
As usual, clicking over and reading will bring you up to the virtual moment at to the state of the economy, and reward me with a little lunch money for my efforts in collecting and collating it for you.
“New Deal democrats Weekly Indicators for October 20 – 24,” Angry Bear by New Deal democrat