Liz Sonders: Her Best Three Today -- August 14, 2023

Locator: 45455ECON.

Liz Sonders -- the links today:

• large household durable items -- data consistent "with when recessions have ended."
• components of CPI "continue to see plunge in price growth -- through July, average y/y change in utility costs, gasoline, groceries, and electricity was a negative 6.7% and a negative 8.8% prior;
• wage growth for the 16 - 24-y/o crowd is rolling over sharply, dropping like a vaping device.

Graphs: I've given up on Liz Sonders' graphics. Won't post them. Go to the links at your own risk.

Vaping: I'm in the pool two or three times daily, and the vice of choice -- some beer, mostly vaping among the 18 - 24-y/o women. Men? Modelo.

Best ad ever: hope it never goes away. I watch the Palm Springs / Frank Sinatra documentary several times a year. What a great era.

Nikola shares plummeting: no links -- links everywhere. Nikola recalling "all" trucks it ever delivered and has put a "suspend" on new sales. Nikola: nothing to see here. It's just the EV batteries on fire; the hydrogen line is doing great. Hey, wasn't that Maui fire a scorcher?

GS AI ad: link here. Yes, this is a link to an ad.

Hunter: not fair! The prosecutors reneged on his plea bargain. Now he knows how his illegitimate child feels. No link; not worth the effort.

Can't trust the media? Bookmark Al Jazeere, France 24, The WSJ, Bloomberg, Straight Arrow News, and local stations. -- Peter Zeihan.