Yulia Slavina

Private domestic sales show signs of economic overheating, Mike Shedlock notes

Private domestic sales show signs of economic overheating, Mike Shedlock notes
Real GDP climbs 3.4 percent in quarter

U.S. real GDP growth accelerated to 3.4 percent in the third quarter.

Mike Shedlock, author and blogger at MishTalk, added that private domestic sales suggest economic overheating.

Shedlock recently highlighted a significant drop in U.S. Treasury yields over a two-week period, questioning factors beyond inflation and oil prices. In another note, he observed that U.S. imports of Russian diesel continue despite substantial domestic exports. These points add context to Shedlock’s ongoing commentary on U.S. economic indicators.

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