Daily Archives: August 6, 2021

US Economic Growth Remains Positive While Trend Bias Is Neutral

The directional bias for US economic activity continues to skew slightly negative, based on CapitalSpectator.com’s Macro Trend Index (MTI). Although the economy is still expanding at a solid pace, MTI still indicates that a downside bias persists for the directional trend. The negative tilt, however, is fractional and so the overall signal remains in neutral terrain.

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Macro Briefing: 6 August 2021

* Pandemic puts tens of millions around the world on the brink of famine
* Delta variant threatens the US labor market rebound
* Infrastructure bill estimated to add $256 billion to US deficit
* Biden wants half of US cars sold by 2030 to be electric or hybrid
* Bond rates are falling and yield curves are flattening around the world
* Will Fed plans for a digital currency eventually displace crypto?
* US trade deficit widened to a record in June
* US jobless claims fell last week, close to pandemic low: