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...

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...