by New Deal democrat
August producer data goes in the opposite direction from the consumer
I have a new post, “Producers are Hot*, but Consumers Maybe Not,” up at Seeking Alpha.
in which I contrast the white hot ISM manufacturing report with the lackluster motor vehicle sales and residential construction — the two biggest durable consumer purchases.
As usual, not only is reading it hopefully informative, but also compensates me a little bit for the work I put in.