Sunday , October 24 2021
Home / Mosler Economics / Services pmi, German survey, UK retail sales, oil, new home sales

Services pmi, German survey, UK retail sales, oil, new home sales

Summary:
Pretty much the whole world had a covid dip, bounce, and most recently a retreat as the economy appears to be rapidly decelerating as unemployment benefits expired and what’s left of the new fiscal spending is relatively small and keeps getting pushed out: Crude oil is another story. There was a covid dip as the drop in demand exceeded Saudi output, which caused them to lose control of output. Now that demand has recovered they are back in control of prices, and currently they are in price hike mode: Up a bit last month but still looking depressed historically:

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes Industrial production, home builders index, housing starts, real estate loans

WARREN MOSLER writes Consumer sentiment, oil prices, federal debt/GPD

WARREN MOSLER writes Unemployment claims, employment, shipping costs, oil prices

WARREN MOSLER writes Unemployment claims, personal income and consumption, total vehicle sales

Pretty much the whole world had a covid dip, bounce, and most recently a retreat as the economy appears to be rapidly decelerating as unemployment benefits expired and what’s left of the new fiscal spending is relatively small and keeps getting pushed out:

Services pmi, German survey, UK retail sales, oil, new home sales

Services pmi, German survey, UK retail sales, oil, new home sales

Services pmi, German survey, UK retail sales, oil, new home sales
Crude oil is another story. There was a covid dip as the drop in demand exceeded Saudi output, which caused them to lose control of output. Now that demand has recovered they are back in control of prices, and currently they are in price hike mode:

Services pmi, German survey, UK retail sales, oil, new home sales
Up a bit last month but still looking depressed historically:

Services pmi, German survey, UK retail sales, oil, new home sales

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.

Leave a Reply

Your email address will not be published. Required fields are marked *