What is going On ?

Just musing as we take a few days off.

I don’t know about where you live, but around Chicago, big Malls are being abandoned left and right. And then just down the street new big Malls are being built.

Another interesting thing to see around here is black F-150 pickups, the bigger and longer the better.  It would seem that the drivers are doing something, but the trucks are pretty clean.

And the GDP is pretty strong for the Apr-Jun quarter, what is happening ?

Kind of makes one wonder if this is what it looks like when a deficit funded tax program is creating a lot of activity for which we are all paying.

In the markets today, the yield curve is being pushed up a bit and indicators are being tightened, but the overall picture remains the same.

 

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