Aggregate Demand MIA

Major averages have hit post-recovery highs aided and abetted by fattening margins provide by massive excess labor and the decline in unit labor costs that go along with that as well as the torque from a vibrant overseas economy and the currency translation effects of the ever weakening dollar. But, it really has nothing to do with the shape of domestic demand which can best be described as lackluster.

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.