Hints & suggestions
What could they mean?
Hi gang! Sorry to bother you again so soon, but sometimes I roll like that. As inspiration strikes, I act, and if I uncover really good stuff, I want to share it with my paying collaborators. And I like what I found today.
More recessionary hints
In the last post, I threw in a few charts to make my Manifesto more visually interesting for you. Those charts showed the combined downturn of real retail sales and manufacturing activity, which implied that recession is here (*knock* *knock*). Well, to start off with and to fill the free preview section for non-payers, here’s another chart that shows the same thing.
As I’ve suggested before, the labor market is due for a turn. Here we can see that JOLTS (job openings) & QUITS (non-layoff resignations), when measured on a year-over-year basis, are saying that recession may be here, too. Clearly, the same people who are not as engaged in retail spending as they used to be are becoming concerned with maintaining job security and income; and those entities involved in manufacturing activity are tightening up on hiring activity.
