Deutsche Bank: This Indicator Is Sending Warning Signs for Household Incomes

What tax receipts are telling these economists.
Photographer: Craig Warga/Bloomberg

Economic data points have been sending some mixed signals lately, with the jobs picture continuing to look strong but retail sales failing to meet expectations. This has caused a team of economists at Deutsche Bank to take a hard look at what they say is one of their most-liked indicators. Unfortunately, it seems to point toward the glass-half-empty argument. 

To continue reading this article you must be a Bloomberg Professional Service Subscriber.