In your face …, Homeless on the High Desert, Gda says . . . October 21, 2017 in White Rose “In the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; […]
Industrial production ‘meh’ in February, but down sharply since last summer; real manufacturing and trade sales forecast to decline in Febuary – by New Deal democrat Industrial production was unchanged for the month of February, while manufacturing production rose +0.1%. But the bad news is that both were revised lower for the past 5 months, as […]
Housing construction: good news and bad news – by New Deal democrat This morning’s report on housing construction contained both good news and bad news. First, the good news. Both permits (gold in the graph below) and starts (blue) increased, the former by 185,000 on an annualized rate, the latter by 129,000: It is very possible […]
I thought this would be interesting to our readers, especially those who are following the development of electric vehicles. Electric has infiltrated heavy equipment. This is Volvo’s latest all electric excavator: EC230. It is a 23 metric tonne (25 ton) machine. Not small. It is just like their diesel version but with batteries and an […]
Jobless claims: nobody is (still!) getting laid off – by New Deal democrat Initial jobless claims declined -20,000 this week, back below 200,000 to 192,000. The 4 week average declined -750 to 196,500. Continuing claims, delayed one week, declined -29,000 to 1.684 million: For all intents and purposes, it is still the case that “nobody” […]
Forecast: real manufacturing and trade sales are likely to set a new record for January – by New Deal democrat One of the four monthly series of coincident indicators most relied upon by the NBER in determining whether the economy is in expansion or recession is Real Manufacturing and Trade Sales. A significant problem with it […]
Properly measured, consumer prices have been in *deflation* since last June – by New Deal democrat The majority wisdom is that the Fed is going to go ahead and raise interest rates again when it meets next week. I have been arguing for months that the data has not supported interest rate hikes. As of this […]
January JOLTS report consistent with a softening, but still very strong, labor market – by New Deal democrat This morning’s JOLTS report for January, unlike the recent payrolls report, generally showed further softening in the labor market. While hires (red in the graph below, normed to a value of 100 as of February 2020) increased 121,000, […]
Coronavirus dashboard: the first year of COVID endemicity – by New Deal democrat As I indicated back in January, I don’t plan on any regular COVID dashboard updates unless something noteworthy has occurred. Since we are now 1 year into endemicity, this is a good time to look back and see what that means. The huge […]
Many of you know me from my telling of past experiences. Here is one more to add to the pile. A recent email to me about an employment opportunity in automotive. My return email to the headhunter. Renaldo: Thank you for your interest. Having been trapped between Engineering and the plants over the years where I […]