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Auto sales forecast, Euro area manufacturing and composite PMI, Redbook retail sales, Consumer confidence, Richmond Fed

Summary:
Still negative: Should hold up as long as the euro stays relatively weak due to portfolio selling, which has been all but continuous for the last couple of years or so. At some point ‘fundamentals’ including relative prices and the current account surplus ‘drain the swamp’ and take over: Back down again: Back down: Still negative:

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Still negative:

Auto sales forecast, Euro area manufacturing and composite PMI, Redbook retail sales, Consumer confidence, Richmond Fed
Should hold up as long as the euro stays relatively weak due to portfolio selling, which has been all but continuous for the last couple of years or so. At some point ‘fundamentals’ including relative prices and the current account surplus ‘drain the swamp’ and take over:

Auto sales forecast, Euro area manufacturing and composite PMI, Redbook retail sales, Consumer confidence, Richmond Fed

Auto sales forecast, Euro area manufacturing and composite PMI, Redbook retail sales, Consumer confidence, Richmond Fed
Back down again:

Auto sales forecast, Euro area manufacturing and composite PMI, Redbook retail sales, Consumer confidence, Richmond Fed
Back down:

Auto sales forecast, Euro area manufacturing and composite PMI, Redbook retail sales, Consumer confidence, Richmond Fed
Still negative:

Auto sales forecast, Euro area manufacturing and composite PMI, Redbook retail sales, Consumer confidence, Richmond Fed

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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