The US macroeconomy is now solidly on the back side of the business cycle, and there are challenges for both the service sector and the consumer. Although we are seeing disinflation,...
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The US macroeconomy is now solidly on the back side of the business cycle, and there are challenges for both the service sector and the consumer. Although we are seeing disinflation,...
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“Twofer Tuesday” was a radio gimmick. On Tuesdays, the classic rock station local to ITR Economics’ southern NH headquarters used to (still does?) entice listeners by playing two songs in a...
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When you want to know where the ship is headed, a good bet is to go directly to the person at the wheel. For the US economy, that would be the consumer, as every productive economic effort...
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From the President's Desk Retail
I saw this headline: “Consumer spending slowed in July as inflation remained…” I read that as a clear statement of correlation between something vaguely negative (“slowed”) and inflation....
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A unique combination of pent-up demand, initially depressed price levels, and profound stimulus support (boosting both savings and disposable income) has yielded explosive demand and...
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