A Few of Our Favorite Things - 2025-02-26
Date:
Thursday, February 27, 2025
Summary:
Two amazing things in the mid-frequency data this week. First, capital goods orders (non-defense, ex-aircraft) sailed to another all-time high. If this is a "Trump effect," it would seem to be an optimistic one despite the manifest uncertainty about economic policy. Second, in our "Google Trends" indicator, it appears the Elon Musk is almost three times more fascinating and famous than Trump. Elon does the impossible once again.