Negative May and YoY real retail sales add to the foreboding signals of a recession next year Nominal retail sales for the month of May declined -0.3%, and April was revised down by -0.2% to +0.7%. This reduces April’s number, after inflation to +0.4%, followed by a “real” decline in May of -1.2% after rounding. […]
As taken from “Letters from an American,” June 12, 2022, Prof. Heather Cox Richardson “Yesterday, Politico’s Betsy Woodruff Swan and Kyle Cheney reported on January 5, 2021, then – vice president Pence’s attorney Greg Jacob wrote a three-page memo concluding what the president and his supporters were demanding Pence do the next day would break the 1887 […]
RJS: MarketWatch 666 ~~~~~~~~ Summary: April Trade Deficit Decreased by a record 19.1%, Led by Lower Imports of Consumer Goods and Industrial Supplies and Materials ~~~~~~~~ Our trade deficit was 19.1% lower in April, as our exports increased while our imports decreased. The Commerce Dept report on our international trade in goods and services for […]
Texas is big. To frame how big, let me contextualize the normal travels for a rural resident in a few touch points that are universal. The closest large city with a decently large grocery store and a Home Depot are 37 miles one way. When running an “errand” it is easy to tack on 100 […]
“New Auto Emissions Rules Have a Loophole You Can Drive a Light-Duty Truck Through” (treehugger.com), Lloyd Alter, December 2021 ~~~~~~~~ President Biden and the U.S. Environmental Protection Agency (EPA) have revised the existing greenhouse gas emissions standards for passenger cars and light-duty trucks. Rolling back in four years the rollbacks the Trump administration implemented to change […]
All this we’ve been hearing about the sanctity of the Second Amendment? Seems that what the Second really means is that Americans have the right to buy assault weapons to use to exercise their right to overthrow the government. That big surge in AR-15 purchases after the election of Barack Obama? Turns out that it […]
On the road, and missing all the fun on Wall Street . . . I’m still on the road, and there is no important economic statistic to report, but I will make a brief market comment. YoY stocks are now down 10%. Except for the very bad 1982 and 2008 recessions, and the 2000 Nasdaq […]
RJS Focus on Fracking Summary: Oil price sees highest weekly close in 13 years; natural gas price hit new 13 year high before falling back Oil prices rose for a seventh consecutive week as record high fuel prices showed no signs of dampening demand. After rising 3.3% to $118.87 a barrel last week as China ended their […]
by New Deal democrat Weekly Indicators for June 6 – 10 and a comment on COVID I’m still traveling, so light posting for a couple days more. In fact, I neglected to post a link to my Weekly Indicators on Saturday. A bit tardy, here it is. Conditions across all time frames do not look so good, […]