Car and Truck Sales

August 4, 2020 Unit car and truck sales rose 11.1% in July to 14.52 million after climbing 7.2% in June and surging 39.5% in May.  But those gains only partially offset the stunning declines of 31.9% in March and 23.4% in April.  Car sales in February — before...

Consumer Sentiment

July 31, 2020 The final estimate of consumer sentiment for July fell 5.6 points in July 72.5.  That compares to an initial reading of  73.2.  Thus, sentiment appears to have declined somewhat in the second half of the month as the more rapid pace of spread of the...

Consumer Confidence

July 28, 2020 . The Conference Board reported that consumer confidence fell 5.7 points in July from 98.3 to 92.6 after having risen 12.4 points in June and 0.2 point in May.  However this index fell 31.9 points in April and 13.8 points in March.   Both declines were...

Forget the Stimulus

July 24, 2020 Our policy makers in Washington are talking about another stimulus bill of $1.0-3.0 trillion.  But the economy does not need the help.   Every economic indicator has rebounded vigorously.  Third quarter GDP growth should be roughly the same magnitude as...