…rather sudden and intense. The Bonddad Blog “Final August durable goods orders: more evidence that the AI related buildout is keeping the economy afloat,” Angry Bear by New Deal democrat…

…reasonable proxies for the employment situation, alternative data for income, sales, and spending is spotty. In particular, how has spending on durable goods by companies and consumers held up during…

…6.6; (+1.4) 6.0; (+3) -7; (+10) 11; (-0.8) 2.0; (+2.8) 3.6 ____ * only 2 of the banks report this information On Wednesday durable goods and core capital goods orders…

…– vehicles and other durable  consumer goods. Courtesy of Redbook, which updates retail shopping weekly, we know that last week was the best YoY comparison in almost three years, up…

…between the consumer economy and the AI-fueled production economy, in the form of durable goods orders and motor vehicle sales. On a month over month basis, both light vehicle (sedans,…

…Left’s Ground Truth initiative emphasizes trust-building by “showing up early, listening closely, and treating every voter as worth the conversation.” Future Caucus, No Labels, the Independent Center, the Sunwater Institute, the Bipartisan Policy…

…for recessions is vehicle sales. After houses, these are the biggest durable purchases made by the vast majority of consumers. As I have noted in the past, typically truck sales…

…production, most likely driven by AI data center needs: Despite the influence of utility production, this was a positive report, adding to the evidence we have seen in durable goods…

…which tends to rise even during most recessions. Rather, the figures for both total goods spending and durable goods spending were also strong, at 0.3% and 0.% respectively in October…

The deluge of data resumes tomorrow with housing permits and starts, industrial production, and durable goods orders. In the meantime, let me make a few “big picture” observations of the…