Original link: Jobs Data, Spending Figures, Show Worrying Side of a Resilient Economy / Barron's.
No flames and no smoke, but some signs that raise concerns.
Inflation is not high. Unemployment is low. Companies are still profitable.
But inflation is increasing a little bit. Consumer spending is decreasing. Unemployed workers find it harder to find a new job. GDP shrink in Q1 was bigger than first estimated. Housing market is mostly frozen due to high interest rates.