Linkage: your online shopping is carrying the economy

You might have noticed by reading The Basis Point that a lot of Very Smart People can’t tell if the economy is doing well or not.

That’s because the economy works a lot differently for businesses than it does for you the consumer. Things are a little harder out there for big business because of wrinkles like U.S. trade war with China, but life is pretty good for us consumers down here on ground level.

At least, you’d think that by looking at our Amazon wishlists. Consumer spending is carrying the economy on its back on a strong foundation of online shopping.

For more on how your late-night buying binges are helping the economy, check out today’s Linkage.

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