Extending the Summer Slowdown

By |2020-11-17T16:15:23-05:00November 17th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

A big splurge in September, and then not much more in October. While it would be consistent for many to focus on the former, instead there is much about the latter which, for once, is feeding growing concerns. Retail sales, American consumer spending on goods, has been the one (outside of economically insignificant housing) bright spot since summer. If it [...]