This week we’re focusing on the economy. In that we track too many data points to bury you with one blog post, we’ll break it up. I’ll summarize at the end of the week.
Today we’ll highlight a few of the key indicators that speak to the health of the consumer (consumption btw is 2/3rds of the U.S. economy):
The following charts (click to enlarge) go back as far as the data allow. Note the trends leading into past recessions (red-shaded bars) and compare to the present. I highlight each title green, yellow or red to reflect my view of the prevailing trend.
Brick and Mortar
Clearly, Amazon is changing the retail dynamic!
Auto sales look to be peaking, although that was the look exactly a year ago before surging to multi-year highs. Time will tell…
HOUSEHOLD NET WORTH
The consumer’s balance sheet has rebounded beautifully from the 2008 recession.
MORTGAGE PURCHASE APPLICATIONS
HOME BUILDER OPTIMISM
WEEKLY JOBLESS CLAIMS