Strong upward revisions push real personal income to new highs, put 2 important coincident indicators firmly in expansion territory – by New Deal democrat Almost all of the news in this morning’s release for personal income and spending for January was positive. Nominally, personal income rose +0.6% and personal spending rose 1.8%. The deflator also […]
Perfect follow-up to Dean’s earlier commentary “Declining population and diminished national power is bad news?” which I also posted at Angry Bear. In Dean’s earlier commentary, he makes a point of declining population not being a big issue. Decreasing productivity would be a far bigger issue except it is not an issue in the US. […]
The “gold standard” of jobs data shows a strong rebound in Q3 2022 – by New Deal democrat The preliminary estimate for the Q3 2022 QCEW was released yesterday. Although the monthly nonfarm payrolls report gets all the glory, it is only a survey. The QCEW is an actual census of the roughly 95% of […]
Open thread Feb. 21, 2023 – Angry Bear (angrybearblog.com)
Initial claims continue recent excellent streak – by New Deal democrat Initial jobless claims continued their recent excellent reports, as there were only 192,000 new claims, down -3,000 from the week before, and close to their 50+ year lows of last March and April. The 4 week average increased 1,500 to 191,250, still an excellent […]
There are two good articles to be read here. Most is drawn from The Atlantic article and the other from The Detroit News. Some of the information is pulled from other articles to which the links are in the article. EVs may be the wave of the future. I think we will need better technology […]
For awhile, my favorite radio show was This American Life. And one of my favorite voices on the show was Sarah Vowell. Her nasal, girlish tone belied a sophisticated intelligence and wicked sense of humor. I recently read “The wordy shipmates” by Sarah Vowell. It’s basically her idiosyncratic take on the Puritans who colonized Massachusetts […]
Consumption leads jobs: a comprehensive update – by New Deal democrat Yesterday I encountered a post on Seeking Alpha from the chief economist for a major trading platform, who probably makes in a week the amount I pocket in an entire year from my writing, who wrote: “if one loses one’s job, one likely spends […]
The recent train derailment in Ohio of a Norfolk Southern train has me thinking. As this accident relates to our social order, there is just so many paths, perspectives and questions one can dive into. I almost could not decide what direction to address it all from. We have the capitalism/free market angle. Is this […]
The long leading forecast through year end 2023 at Seeking Alpha – by New Deal democrat Normally in late January I update my top-line long leading forecast for the entire year. A little late this year, it is now up at Seeking Alpha. If you follow my updates on the leading indicators, the result isn’t very […]