Let’s Get Real

Check out the accompanying pdf and chart collection. (1) Slower GDP growth ahead. (2) Pent-up demand for goods has been satisfied. (3) Inflation is eroding purchasing power. (4) Real consumer spending flat for the past four months. (5) Auto industry’s lament: “Buddy, can you spare some chips?” (6) Priced out of the housing market. (7) Capital spending booming. (8) Plenty of room for restocking. (9) Covid still messing up the labor market. (10) Wages inflating. (11) Doves vs hawks on the FOMC. (12) Movie review: “A Private War” (+ + +).