9 Comments
May 20, 2023Liked by Joseph Politano

Why not "Switched Jobs" than "Quits"? I still feel "Quits" buys into the whole horrible "people too lazy to work" mentality. Here in WV, its the running grumblings from The Employer Class.

Expand full comment

Glad for the slow down without a sign of crash, but honestly pretty disappointed that inflation has gone sideways. Might do my part to add to the quits and decrease some consumption soon.

Expand full comment

I wish you would start these with the most important top-level indicator: NGDP (or NGDI) growth. When that normalizes, we'll be out of the woods. Until it does, looking at all the other stuff is just adding color.

Expand full comment

By the old way, and still the most common method throughout the world, of two negative successive quarters, it looks like no recession. Pleased for the USA.

Britain looks like it will escape it too despite the best hopes of the IMF, EU, OECD, etc.

Maybe now it looks likely Biden and his cronies will go back to giving more credence to this old method again. They will usually put an article up on the WH blog a few days ahead of the change of emphasis so that their media and social media pets start to inform the USA public before it happens.

Expand full comment

It's almost like the wage-price theory of inflation is completely wrong, or something.

Expand full comment