A Few of Our Favorite Things - 2023-06-26
Date:
Tuesday, June 27, 2023
Summary:
The productivity-led boom lives! Orders for cap-goods (non-defense, ex-aircraft) rises to a new all-time high. That's the precursor of the precursor of continued growth. Meanwhile, housing activity -- both new and existing -- rises again, still above the pre-pandemic trends. So far at least, no landing!