>>>Right now US economy is going on like gang busters.
The consumer is doing well as reflected in today’s retail sales number. But the industrial production data also released today indicates a manufacturing recession. IP in 1Q19 and 2Q19 were both down quarter over quarter and July was down from June. That is impacting transportation which is seein declines in volumes.
How much was weather related? Hard to move goods in blizzards and floods.
...industrial production data also released today indicates a manufacturing recession. IP in 1Q19 and 2Q19 were both down quarter over quarter and July was down from June. That is impacting transportation which is seein declines in volumes.
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1) We’ve reached peak stuff.
2) Transport has been adding on fees and surcharges for a decade without ever once giving back a cent, even as fuel prices declined. This adds to retail price and it really impacts the online economy in a visible manner people understand. Maybe they will panic and cut their charges?
3) The simplicity/downsizing trend was probably orchestrated to help acclimate the global populace to scarcity, rationing and shortages based on ideology and various hoaxes (AGW/white privilege, et al). But it resonated and for whatever confluence of reasons, it is ascendant. At some point people will get bored (personal opinion) and there will be a resurgence of accumulation....don’t know how long it will take. Probably whenever the cost of medical insurance and the obscene taxes go down.
These sorts of things seem cyclical to me.
But I’m not an economist, just an observer.
4)