Advance Retail Sales – Select Categories
Observations and Expectations
- The overall spending jump and motor vehicle sales pre-Covid to now are not sustainable. No more stimulus is coming.
- In September, the Federal unemployment benefits expire. 23 Republican states have already terminated benefits early.
- I expect some tax hikes even if minimal.
Looking ahead, the fourth quarter and 2022 GDP and will be much weaker than most expect.
Mish
More from GoldSilver.com News
The Economic Rebound From Covid-19 Was Easy. Now Comes the Hard Part: WSJ
Source Node: 1446078
Time Stamp: Nov 8, 2021
Here’s What Comes Next for the $1 Trillion Bipartisan Infrastructure Bill
Source Node: 999761
Time Stamp: Aug 2, 2021
'We'll Go Door-To-Door': Biden Launching Campaign To Compel Unvaccinated Americans To Get Jab
Source Node: 966466
Time Stamp: Jul 6, 2021
Gold Settles Lower After ADP Jobs Data, but Finds Support After Expected Fed Decision on Taper: MW
Source Node: 1380141
Time Stamp: Nov 3, 2021
The Department of Education Just Approved $500 Million of Student Debt Relief for 18,000 Borrowers
Source Node: 895238
Time Stamp: Jun 16, 2021
Workers Only Make 8 Cents More Per Hour, Inflation-Adjusted, Than January 1973
Source Node: 1866776
Time Stamp: Sep 15, 2021
Gold Ends at Highest Level in Over a Week With 3rd Straight Gain
Source Node: 1857275
Time Stamp: Jul 2, 2021
Retail Sales for the Month Fell 1.1%, Worse Than the Dow Jones Estimate of a 0.3% Decline.
Source Node: 1864680
Time Stamp: Aug 17, 2021