Is economic activity in the US about head to the next level higher? If you think so, please consider a chart from my friend “BC”: Weekly real year-over-year growth of bank lending per capita and real final sales per capita.
Growth in Bank Lending Per Capita (Black), Real Final Sales Per Capita (Blue)
My friend BC writes (and I concur) “It seems rather unlikely that private economic activity is poised to accelerate under these conditions.”
But what about “public” activity such as a war with Syria?
If you are looking for another reason besides energy Obama wants a war with Syria, there you have it.
In regards to energy, please see …
Mike “Mish” Shedlock