Advance Retail Sales - Select Categories
Observations and Expectations
- The overall spending jump and motor vehicle sales pre-Covid to now are not sustainable.No more stimulus is coming.
- In September, the Federal unemployment benefits expire. 23 Republican states have already terminated benefits early.
- I expect some tax hikes even if minimal.
Looking ahead, the fourth quarter and 2022 GDP and will be much weaker than most expect.
Comments
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