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Retail sales, existing home sales, Philly Fed, Jobless claims

Summary:
Sluggish growth but not recession, and no one giving credit to the Fed for hiking rates to increase the deficit and help keep it to a soft landing ;) At least so far it looks to me like a large Covid dip followed by a larger post-Covid bounce followed by a correction to prior levels: More signs of no recession yet:

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Sluggish growth but not recession, and no one giving credit to the Fed for hiking rates to increase the deficit and help keep it to a soft landing ;)

Retail sales, existing home sales, Philly Fed, Jobless claims

Retail sales, existing home sales, Philly Fed, Jobless claims

At least so far it looks to me like a large Covid dip followed by a larger post-Covid bounce followed by a correction to prior levels:

Retail sales, existing home sales, Philly Fed, Jobless claims

More signs of no recession yet:

Retail sales, existing home sales, Philly Fed, Jobless claims

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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