https://www.cassinfo.com/freight-audit-payment/cass-transportation-indexes/january-2022
this is just a short term snapshot the last month or so,... but...
shipments are down 3% , and expenditures are up 31% .
this means we have to spend more money to get less stuff. thats bad.
for 2021, and 2022, the gdp read is not the important number to look for.
a far more important metric is whether the average paycheck is keeping up with inflation. if my pay goes up at 3%, but inflation is up 7%... that is BAD.
Alot of data from that source bear. Thanks
So was this mostly Omicron related?
In which case, we should bounce back up immediately.
it may be partly covid related. i am not sure if it Mostly omicron related.
there are also bigger cycles involved here. and there are political policy implications also.
i expect that growth rates will continue to lag expectations. and i expect that inflation will continue to be too high.
stock valuations are too high, so stocks will not give good returns for the next 10-15 years.
interest rates cannot continue to go lower, and at some point have to reverse trend.
another important thing to point out. biden is not doing much that will be "pro-market".