Warren Mosler — Durable goods orders, Vehicle sales, Credit check

Summary:
With each data release it seems more likely to me that the deceleration in the growth of borrowing from the banks is reflecting a drop in aggregate demand:Growth of C and I loans has been near 0 since the election: No tax cuts, no infrastructure spending either. Trumponomics is dead in the water in Congress so far as the GOP engages in a circular firing squad. It's a party great at unifying on obstruction, but a bunch of losers on governing. The mid-term campaign season is nearing, so they had better change course quickly.  Trump had promised jobs, jobs, jobs. That promise remains empty. The Center of the UniverseDurable goods orders, Vehicle sales, Credit checkWarren Mosler

Topics:
Mike Norman considers the following as important: private credit, US economy

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