economy Markets

Retail Sales Post First Drop Since February In Fresh Sign That MAGA Economy Is Decelerating

But hey, it should be fine.

But hey, it should be fine.
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1 comment on “Retail Sales Post First Drop Since February In Fresh Sign That MAGA Economy Is Decelerating

  1. jyl says:

    Related –

    https://www.marketwatch.com/story/this-little-known-recession-indicator-is-now-sending-investors-and-consumers-a-warning-2019-10-17

    “The University of Michigan survey more closely reflects U.S. consumers’ attitudes towards their immediate personal circumstances, he asserts, whereas the Conference Board index reflects consumers’ attitudes towards the overall economy generally. For example, the Conference Board’s survey, but not the University of Michigan’s, reflects confidence about job prospects in one’s region.”

    “a composite indicator calculated by subtracting the Conference Board’s Consumer Confidence Index from the University of Michigan Consumer Sentiment reading.”

    “this composite indicator typically reaches a low prior to recessions, and that it currently is lower than at any other time since 1979 (which is when the Conference Board began updating its index on a monthly basis).”

    If I’m reading this right, the composite being negative like now means consumers are less positive about their own personal circumstances than about the overall economy? Or could be something technical about how the surveys and indicies are built?

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