Reverse radical or V-ish (or W?) Figure 1: Nonfarm payroll employment (blue), industrial production (red), personal income excluding transfers in Ch.2012$ (green), manufacturing and trade sales in Ch.2012$ (black), and monthly GDP in Ch.2012$ (pink), Bloomberg consensus estimate at 7/24 (blue gray), Goldman Sachs Employment Tracker estimate based on data thru 7/7 (sky blue), all … Continue reading Business Cycle Indicators, 24 July 2020