Bonddad’s economic blog is not exactly easy reading, but his Weekly Indicators post this week is worth a read. I don’t pretend to understand all of what he writes about, but I found the last paragraph promising:
While gasoline prices remain an ongoing concern, and while decreased mining, shipping, and usage of coal (probably due to the non-winter winter) will exert a negative influence on Q1 GDP, the remaining indicators were virtually all positive this week. There is no sign whatsoever of any imminent economic contraction. To the contrary, that almost all housing and real estate data has turned flat or is rising slightly is a very good sign for the economy going forward. We’ll see what happens with construction spending and the Case-Shiller indexes this coming week.
This just shows that he’s in the tank for Obama, obviously.