Historically, new home construction and auto sales were generally good indicators of the economic health of households. Now, less so. With supply-chains a mess, input prices up dramatically, and labor in short supply, lower-priced product is not much being made, and sales are now more indicative of which firms have better supply-chain control. This loss of insight is most unfortunate as housing and cars are quite interest rate sensitive. (Source: Dr. Elliot Eisenberg, the Bowtie Economist).

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