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FAX ARCHIVE   February 2019
Date  Subject Descriptive Information
February 25 HANDOUT HANDOUT
February 19 MORE DATA PROBLEMS Data Says Retail Sales Plunged in December; Partially SeasonalAdjustment; Partially Govt Shutdown; Food Service, Sporting Goods Bad Data; Housing Lookers Were Buyers in Jan but Likely Temporary; Borrowing Activity Still Muted
February 11 LATE CYCLE BLUES 1Q Consumer Goods Spending; Don't Want to Borrow to Spend; Mood Below Yr Ago; tax Refunds - Too Soon to Tell; Vehicle Debt a Clear Warinng Signal; We Stick with below-Consensus Vehicle Sales Estimate for 2019 
February 4 BELIEVE IT, OR NOT January Job Surge; Mostly SAAR Miage; Goods Producing Earnings Stumble Inconsistent; Happy Days - They Keep Adding Phantom Workers via Birth/Death; Home Prices Weak; Shutdown, Weather Hurt Truck Sales


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