A Few of Our Favorite Things - 2023-01-25
Date:
Thursday, January 26, 2023
Summary:
Our Housing Transaction Value Index takes another downtick, consistent with the drop in residential investment growth shown in this morning's Q4 GDP. Cap goods orders about flat again -- not a sign of growth or animal spirits, to be sure, but stalled at a record-high level and not falling as is the usual pattern before a recession.