Tuesday , February 18 2020
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Jobs, Vehicle sales, Housing starts, Industrial production

Summary:
Rolled over and heading lower: Rolling over and heading south: Had been rolling over but then this year end/good weather spike in December housing starts and lower rates probably worked to move activity forward from 2020. Permits had a small spike a bit earlier, and have since leveled off, and no house is built without a permit: Deeper into negative territory as tax cut tailwind shifted to tariff headwind:

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Rolled over and heading lower:

Jobs, Vehicle sales, Housing starts, Industrial production

Rolling over and heading south:

Jobs, Vehicle sales, Housing starts, Industrial production

Had been rolling over but then this year end/good weather spike in December housing starts and lower rates probably worked to move activity forward from 2020. Permits had a small spike a bit earlier, and have since leveled off, and no house is built without a permit:

Jobs, Vehicle sales, Housing starts, Industrial production

Jobs, Vehicle sales, Housing starts, Industrial production
Deeper into negative territory as tax cut tailwind shifted to tariff headwind:

Jobs, Vehicle sales, Housing starts, Industrial production

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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