I watch with my own two eyes. People aren’t buying squat.
For about two months - while tax returns were coming back - there was a little splurge, expecially by people using it for new car down payments. But that has tailed off. I know retailers, and the picture is one of stagnation.
And the temporary census workers are getting paid, but nothing else appears to be going anywhere. Nothing seems to be moving at all. The states are still losing jobs like crazy.