by Summary:
These are stats from my latest MMT Trader report. Are these recessionary signs? Warren Mosler is bearish as hell. Auto loans rising at the fastest pace in 8 months. Residential real estate loans rising at fastest pace in 3 weeks. Bank "residual" (capital) at record highs and up 3 weeks straight and up 6 of the last 7 weeks. (Implies growing bank earnings.) Bank assets at record levels. Gasoline demand at 6-month high. Distillate demand at 3-month high. Federal tax deposits have been rising since January and are on track to completely erase the y-o-y negative gap. Going positive. Corporation taxes rising, too. They bottomed vs last year in early February. Social Security (largest spending item) growing at fastest pace so far this fiscal year. "Other Withdrawals" (military and
Topics:
Mike Norman considers the following as important: MMT Trader, recession, Warren Mosler
This could be interesting, too:
These are stats from my latest MMT Trader report. Are these recessionary signs? Warren Mosler is bearish as hell.These are stats from my latest MMT Trader report. Are these recessionary signs? Warren Mosler is bearish as hell. Auto loans rising at the fastest pace in 8 months. Residential real estate loans rising at fastest pace in 3 weeks. Bank "residual" (capital) at record highs and up 3 weeks straight and up 6 of the last 7 weeks. (Implies growing bank earnings.) Bank assets at record levels. Gasoline demand at 6-month high. Distillate demand at 3-month high. Federal tax deposits have been rising since January and are on track to completely erase the y-o-y negative gap. Going positive. Corporation taxes rising, too. They bottomed vs last year in early February. Social Security (largest spending item) growing at fastest pace so far this fiscal year. "Other Withdrawals" (military and
Topics:
Mike Norman considers the following as important: MMT Trader, recession, Warren Mosler
This could be interesting, too:
Matias Vernengo writes On the possibility of a recession at the Rick Smith Show
Angry Bear writes US recession fears ease: surprisingly strong data on housing, consumer confidence, labor market
NewDealdemocrat writes Industrial production continues to falter in May
Matias Vernengo writes Soft landing or recession
Auto loans rising at the fastest pace in 8 months.
Residential real estate loans rising at fastest pace in 3 weeks.
Bank "residual" (capital) at record highs and up 3 weeks straight and up 6 of the last 7 weeks. (Implies growing bank earnings.)
Bank assets at record levels.
Gasoline demand at 6-month high.
Distillate demand at 3-month high.
Federal tax deposits have been rising since January and are on track to completely erase the y-o-y negative gap. Going positive.
Corporation taxes rising, too. They bottomed vs last year in early February.
Social Security (largest spending item) growing at fastest pace so far this fiscal year.
"Other Withdrawals" (military and defense) growing at fastest pace since early February and has accelerated 63% since then.
Unemployment benefits down and falling y-o-y.
Food Stamps down y-o-y.
These are all coincident or leading statistics. Most of these CREATE the forward conditions of the economy rather than reflect what the economy is already doing like much of the data cited by other economists.
I don't know...I just don't see it.