I suppose we ought to start with the retail data just out: Saved by the auto industry, looks like to us. (Who the hell is driving?) With CV-19 still raging – and variants popping up – should be interesting to see how the coming few months roll. Do people have anywhere left in their homes … Read More
While America’s attention is riveted on events in D.C. we have remained steadfastly focused on how our “1929 Replay Tracking” chart has been evolving. Here’s how it looked this morning; prior to the federal jobs report and using early futures pricing: It’s axiomatic in comparative economic cycles work that “waveforms” are usually similar. The question … Read More
Learning From Our Kids When you creep up into your 70s, one of the things you wonder is “Gee, if I were younger, how would I live in today’s world?” I’m fortunate. I consider the offspring: One daughter is a mental health counselor, working on a masters. The other daughter is going up the food … Read More