Miscellaneous
The economy is nothing if not confounding right now. This episode is sponsored by Bitstamp and Ciphertrace.Across every domain, from real estate to oil to retail, there are bull signals and bear signals. In this episode, NLW looks at those signals in the following areas:Markets - strong stock recovery vs. growth in cash depositsEmployment - growth in jobs vs. persistent continuing jobless claimsRetail - growth in foot traffic vs. demand destructionOil - growth in demand (but not in economically productive diesel)Real estate - surge in mortgage applications vs. worst home sales since 2010Dollar - declining confidence vs. there is no alternative COVID-19 - reduced death rates in the U.S. vs. growing caseloadWhat’s the answer? Is this just a narrative mirage recovery? Listen and find out.