Economics Today is a discussion group where the participants define economic trends based on published data. Sources include: Wall Street Journal, Morningstar, Zerohedge, Bloomberg, and others.
Is gold volatile? Physical gold is in short supply. What’s your prediction? And why?
► CREDIT CARD SPENDING
► FED RATES
US dollar declined further in response to the Fed’s cautious stance. What will that mean?
▲Mortgage applications remain robust. Applications to purchase a home.
▼Compared to Refi applications:
► WHOLESALE INVENTORIES
Household Pulse Survey employment index climbed last week but remained well below the mid-June peak. More details.
► COVID-19 RELIEF ENDING
► PHILLIPS CURVE
The Phillips Curve has been distorted because the outsize job losses among low-wage employees resulted in higher average pay for remaining workers. More on Phillips Curve.
Have Americans cut back on credit card debt?
► PANDEMIC PEAKING
More Details at Pantheon Macroeconomics.
► UNITED KINGDOM
Pound is back to pre-crisis levels. Could this be due to the weak dollar?
Brent crude 20 day realized volatility is at the lowest level of the year.