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Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities

Summary:
Another hint at a cooling housing market: Nearly double pre covid levels indicating a lot of people are still losing jobs every week: This chart is not adjusted for inflation. On an inflation adjusted basis it remains way below previous cycle highs: Profits seem to have flattened again: Inventories are growing/being restored from covid related disruptions: This is only through April: Covid disruption/dip followed by recovery that seems to be running its course:

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WARREN MOSLER considers the following as important:

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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages

WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices

WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits

WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production

Another hint at a cooling housing market:

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities

Nearly double pre covid levels indicating a lot of people are still losing jobs every week:

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities

This chart is not adjusted for inflation. On an inflation adjusted basis it remains way below previous cycle highs:

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities
Profits seem to have flattened again:

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities
Inventories are growing/being restored from covid related disruptions:

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities
This is only through April:

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities
Covid disruption/dip followed by recovery that seems to be running its course:

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities

Housing, unemployment claims, durable goods orders, corporate profits, inventories, commodities

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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