Thursday, June 1, 2017

Market noos

Servin' up a hot cup of morning covfefe for you:

Calculated Risk - Case-Shiller house price index up 5.8% yoy. Economy's on autopilot. Too bad that house prices are never considered "inflation" the way workers' wages are.

Calculated Risk - personal income, spending up 0.4% mom. Too bad personal income and spending aren't the targets of monetary and fiscal restraint the way workers' wages are.

John Cochrane - what a difference an election makes. All it takes is for Trump to replace a black guy, and suddenly Republican opinion of the economy switches from 20% positive to 80% positive.I think it's all the covfefe.

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