Bull vs. Bear: Who Has the Economy Right?

<p><span style="font-weight: 400;">The economy is nothing if not confounding right now. </span></p> <p><span style="font-weight: 400;">Across every domain, from real estate to oil to retail, there are bull signals and bear signals. </span></p> <p><span style="font-weight: 400;">In this episode, NLW looks at those signals in the following areas:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Markets - strong stock recovery vs. growth in cash deposits</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Employment - growth in jobs vs. persistent continuing jobless claims</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Retail - growth in foot traffic vs. demand destruction</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Oil - growth in demand (but not in economically productive diesel)</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Real estate - surge in mortgage applications vs. worst home sales since 2010</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Dollar - declining confidence vs. there is no alternative </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">COVID-19 - reduced death rates in the U.S. vs. growing caseload</span></li> </ul> <p><span style="font-weight: 400;">What’s the answer? Is this just a narrative mirage recovery? Listen and find out.</span></p>