Some Off the Grid Indicators

{+++} collection of unusual and underappreciated economic indicators finds the U.S. economy continues to heal – albeit at a sluggish pace – from the Great Recession.  The most positive data comes from the auto sector: used car prices are resilient, large pickup sales are increasing, and overall vehicle inventories are in line with current demand.  Internet-based indicators are generally more constructive on consumer demand, with Google autofills for “I want to buy” including “a house”, “a car” and “stock”.  Disturbingly, however, “Kidney” appears prominently when you enter “I want to sell my”.  Other downbeat news: investors are shying away from many asset classes, including both gold coins and mutual funds.  Cheeseburgers are getting more expensive, and quickly.  In the “For what it’s worth” category: firearm sales look set to break another record this year at +22 million units, and close to 100 million units since the Financial Crisis.

 

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