The vast majority of economists and traders follow a few very popular indicators: GDP, payrolls, weekly unemployment benefit applications, inflation, home sales and starts...
Then there are other, less popular indicators. Here is a smattering...
- Philly Fed Business Conditions. Lowest in 30 years. Why?
- GDPNow estimate from Atlanta Fed 2Q22 (-1.6%) far below consensus (+2%). Why?
- SPAC IPOs have evaporated in 2022. There are certainly serious regulatory issues, but down 94% from 2022 points to more trouble than that. What could it be?
- NFIB Small business owners' outlook for business conditions at the lowest level in history. Why?
- US Services PMI is at the lowest level in nearly 10 years (pandemic excepted). Repeat: services.
ok, I will play... =)
ReplyDeleteI predict that within a 2 year time frame, we will (if we are alive) be talking about quantitative easing again.... =)
Perhaps, but in the meantime here’s someone I agree with 100%
Deletehttps://www.ft.com/content/b82082c9-d26a-47a5-8b1a-34121f572645
agree, that is the right thing to do.... but I don't think they are going to do it...
Delete