Credit card spending still too strong

David Llewellyn-Smith

Tuesday 7 February 2023

These kinds of indexes can be hostage to commercial forces but are not a terrible real-time indicator

One wonders how much of this is a second round inflation pop in services:

The property bust is biting in the east:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.