Guns, Gas, & "Selling Kidneys" - 'Off The Grid' Indicators Signal Slowing Economy
Via ConvergEx's Nick Colas,
Our quarterly survey of “Off the Grid” economic indicators finds that the U.S. economy is still growing, but the pace seems to be slowing from Q3 2015.
On the plus side, used car prices remain robust and dealer inventories of new cars are in good shape. Americans are driving more, with the growth rate for miles driven (and gas consumed) running at levels not seen in +10 years. Lastly, workers are still quitting their jobs at a healthy clip.