Viral Stress Test

Check out the accompanying pdf and chart collection. (1) GDP should fully recover from lockdown recession by end of 2021. (2) The third wave of the pandemic. (3) Credit/debit card spending remains on uptrend. (4) Puzzling strength in Treasury data on individual income tax and payroll tax receipts. (5) Labor compensation recovering. (6) Remarkable rebound in proprietors’ income. (7) Personal saving data suggest first round of fiscal stimulus hasn’t been all spent. (8) Consumer spending on goods at record high, led by housing-related spending. (9) Pandemic-challenged services mostly remain challenged. (10) Can restaurants survive on takeout alone? (11) Housing indicators remain strong.