New Deal democrats Weekly Indicators for October 23 – 27
Weekly Indicators for October 23 – 27 at Seeking Alpha
– by New Deal democrat
My Weekly Indicators post is up at Seeking Alpha.
With half of reports in, Q3 profits for corporations have made a new all-time high. Meanwhile the stock market has made repeated new 3 month lows. The former is a long leading indicator, the latter a short leading indicator, so we shall see which one proves more accurate.
And in case you haven’t noticed at the pump, gas prices have declined to new 6 month lows as well, so maybe that consumer spending spree can continue for awhile.
As usual, clicking over and reading will bring you up to the virtual moment as to the economy, and reward me a tiny little bit for my efforts.
New Deal democrats Weekly Indicators for October 16 – 20, Angry Bear, New Deal democrat
NY Times – just in
G.M. Said to Reach Tentative Deal With U.A.W.
General Motors became the last of the three large U.S. automakers to reach a tentative agreement on a new contract with the United Automobile Workers union.
Autoworkers Score Big Wins in New Contracts With Carmakers
NY Times – just in
Tentative accords at Ford Motor, General Motors and Stellantis are the most generous in decades, raising costs as the industry shifts to electric vehicles.