Don't Look Now, But ...

Meanwhile, signs of economic trouble continue to intrude on all the happy talk of a “soft-landing” for a slowing economy. Here are two that caught my eye today. Bloomberg reports: Flights, Hotels and Parks Are All Flashing Travel Warning Signs. 

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If this is correct it means the job growth numbers of the last six months were mostly bogus. And that consumer who is still spending—at least at Walmart?  Well ...

Ed Morrissey

Click over to see the charts. This will put more pressure on the Fed to cut interest rates, which is all but certain to happen in September anyway. But one has to wonder whether recent economic reports may have failed to pick up on a collapse in consumer confidence. 

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