American Consumer RIP Economic indicators are noisy, meaning that there’s a lot of movement from month to month. There’s so much noisiness in economic indicators that it causes some market participants to downplay high frequency figures. Also see Which President Wins? Looking at Some Politics Connected with Today’s American Labor Market Yesterday’s big figure – Retail Sales – could be one of those “just noise” figures. Retail Sales collapsed in March from 3.7 percent year-over-year growth in February to just 1.7 percent. The decline, of course, begs the questions, is it just noise or is it a longer term signal? [drizzle]The…
It Kind of Looks Like the American Consumer is Dead, Not Just Taking a Pause
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.