More new pandemic lows in jobless claims: April jobs report likely to show over 1,000,000 new jobs added Repeating my recent top-line mantra, new jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. With the number of those vaccinated continuing to increase, I expect an ongoing […]
“The fish stick is the bane of school children who consider it to be a bland, over cooked, breaded – crusted, cardboard tasting, fish-less effort of lunchrooms and mothers to deceive them into consuming more protein.” In the 1920s, entrepreneur Clarence Birdseye developed a novel freezing technique. Food was placed between metal plates which froze […]
and imports of distillates at a 26 week low.. Commenter R.J.S. Oil prices moved lower this week on rising Covid cases globally and on a surprise increase in US crude supplies . . . after rising 6.1% to $63.13 a barrel last week on strong economic data and on upwardly revised demand forecasts, the contract […]
New and existing home sales vs. inventory I have a full plate in, you know, actual life today, so let me just drop this note here while we’re waiting for new home sales to be reported. I’ll update later when I have a chance. The evidence is crystal clear that, as to new homes (which […]
A bit of Tom Sullivan @ Hullabaloo this day. Democrat Moe Davis lost the race last fall for the congressional seat in NC-11 to Republican Madison Cawthorn. The seat was left open when Rep. Mark Meadows vacated it to fumble around for the Trump White House. Moe Davis tweeted this morning in response to a […]
-by New Deal democrat Weekly Indicators for April 19 – 23 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. I feel like a broken record . . . With pedal-to-the-metal fiscal and monetary stimulus, plus the opening up of pent-up demand with a large pool of vaccinated people, the economy is on […]
The US may have crossed an important vaccination threshold On Monday I noted that in Chile, where there had been a severe renewed outbreak of coronavirus despite an aggressive vaccination program, cases had plateaued, and this had occurred “when over 35% of the population had received at least one dose of vaccine, and 20% were fully […]
These past few decades have been witness to great change. It is hard to imagine that the Covid Pandemic will not increase this rate of change; that the pace of change will be slowing down anytime soon. Looking back, the advent of the microprocessor and all that followed changed the world forever. Looking forward, the […]
Bellwether Bullard versus Sirenic Summers So this is about the now getting to be passe topic of what will happen to inflation this year, with Larry Summers having gone out of his way to make a lot of noise in criticizing the expansionary fiscal policy partly passed but partly still under consideration in Congress as […]