Mosler Economics

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...

Promising: No recovery yet:

No problem here seems:

Fading back to trend: Up a bit but still depressed: Mortgage applications may be up some but not bank lending for real estate:

It’s bad and getting worse:

Longer-term stagnation setting in:

This is not good: Imports going up with stimulus funds as jobless claims remain high:

Not adjusted for inflation. Most recently showing an increase:

still weakening: November new home sales fall more than expected, builder stocks drop Continues to fall back as benefits fade and employment remains weak: Weakening after failing to return to trend as benefits fade and employment remains weak: