The Economy: Don’t Look Now But. . .

The stock market closed today at record highs, and today’s jobs report, though weak, showed steady progress (especially in mining—one of those sectors Trump had promised to improve). But I wonder if we might be seeing some early signs of trouble.  The good folks who produce the copious charts for the Wall Street Journal‘s Daily Shot note that a housing bubble may be reforming as housing sales suddenly show a slide, and car sales are suddenly slowing, partly because lots of cars coming in off of leases aren’t moving back out the door. Finally, the consumer confidence surveys are showing some backsliding in the last couple months.

 

But cheer up. Saturday morning is coming. Preview:

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