Mosler Economics

A setback to levels of the 1950’s when there were half as many people: Imports up, exports down:

Employment increased more than expected last month but still looking anemic overall: Returning to normal, good for the global economy:

Employment growth has stalled: Not looking good: Also fading:

Back to 2018 levels with lots lost during the dip: Still drifting lower: Another round of Federal checks hit last month: The economy is generating less personal income than pre covid and fading: Some of the increased income was saved: Some was spent, but consumption has still not fully recovered: Consumer borrowing to spend has shifted lower:

Settling in at perhaps somewhat higher levels: Promising! Not showing up here yet: No telling what the Saudis are up to:

Alarmingly high this long after the crisis and no longer moving lower: Seems ‘on average’ it’s hard to say much has changed: Though this looks promising: Tariffs and Covid related supply issues are commonplace: Nice move up after the move down, but still looking net lower than otherwise for the last 12 months due to the crisis: Back towards prior levels but still way down overall for the last year:

Back to where it was pre Trump: New hires down, openings up some but that includes openings to replace higher cost workers: Exporting our food supply (in addition to turning it into motor fuel and burning it up) so we can pay more fighting over what’s left:

Looking bad: Looks like the long term growth of government employment was reversed by Obama, then it increased under Trump until the covid crisis:

Still massively elevated: Orders are about back to where they were but remain at sub 2018 levels: Still soft and sales lost during the dip not recovered: Sales continue to shift from passenger cars:

Personal income went up with the crisis due to Federal transfers of the Cares Act, which subsequently faded: Personal income excluding government support continues to lag behind prior levels: Even with the higher levels of total personal income consumption has lagged and most recently decreased as government benefits expired: A part of consumption comes from buying on credit, and with employment down, fewer people qualify for credit. So while the additional income reduces...