Or…and hear me out…the stock market is doing its best to reflect the “real” economy. The real economy, however, has moved online. Companies that dominate online business also dominate the stock market’s capitalization. This is what the real economy currently looks like now, via Bank of America Merrill Lynch’s credit and debit card spending data:…
Macro/Econ
“Code Red” Revisited
What the father of the yield curve indicator says about the economy and markets now!
Median vs Average Net Worth in America
Video!
Student Loans Have Not Stopped Millennial Home Buying
it’s basically the left wing’s version of the right wing’s goldbuggery.
Worse than expected GDP, stocks rally
In essence, the economy sucks, but who didn’t know that?
You can’t invest in GDP
I point this out not to make the point that all is well or that everything that’s been broken has been fixed.
Change in Electricity Consumption
This is an amazing chart, via Amy Harder at Axios:
Is the Fed Superman or the Antichrist? Gotta hear both sides
Is the Fed destroying the economy or saving it? Is it restoring order to the markets are breaking them?
Card Issuers Cutting Credit to Customers
“Discover Financial Services just became the largest lender yet to acknowledge it’s begun reining in lines of credit.”
Relief payments are working
The good news is that, even though it’s temporary, at least this money is arriving and being put to good use
