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FAX ARCHIVE   February 2021
Date  Subject Descriptive Information
February 25 HANDOUT Handout + Forecast Table
February 22 WHAT DATA CAN WE BELIEVE The Actual December to January Retail Trend Was Normal; Something Wrong With Online Retail Sales Data; Consumer Credit Growth Trends; Debt Balances Increasing For Younger Consumers; Seasonal factors & Housing; Is the Job Rebound Enough?
February 16 GROWTH CHALLENGES Consumer Mood Still Down; Inflation is Rising; A Better January For Restaurants; Spending Plans Rise; Large Projects the Multifamily Norm; Housing Headed to Excess?
February 8 LOTS OF MONEY Slower Job growth, But Longer Workweek & Good Earnings; Jobs Better For the Hardest Hit; Muted Sales Gains Expected for Vehicles; Only Modest borrowing; Housing Still Beneficiary of Discretionary Spending; Money Doesn't Bring Happiness
February 1 INTO THE NEW YEAR Unadjusted Real Goods Spending; Food vs Fun Spending; Big 4Q gains for Consumer Wages & Benefits; Inventories Low; Big DPI Boost Coming; Can We Vaccinate the Baby Boom?


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