Wall Street coming home to roost!

A very nice set of graphs or I would let this post be deleted!!

Students - please take note of the consumer sentiment graph especially.  We are covering the Solow Neoclassical Growth Model - consumption is definitely one of the keys and does not look good here!




Industrial Production is a monthly gauge of what is being produced in the U.S.  So the numbers here are much more current than the real GDP numbers.  While revised, they are reported monthly.   Also, retail sales are a great measure of how consumers are spending.  I don't see any mixed signals here.  The U.S. is still looking for the bottom of the trough in the business cycle!
 

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