Heterodox
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...
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