Originally Published at The Bonddad Blog Industrial production is an indicator that has faded somewhat in importance in the modern era since China’s accession to normal trading status in 2000. Before that, a downturn in production was an excellent coincident indicator for a general downturn in the economy. Since then there have been several downturns, […]
Bonddad Blog – by New Deal democrat This morning brought us both good and bad economic news. The good news was that initial jobless claims continue very low, at 209,000, down -1,000 from last week, while the four week average declined -500 to 208,000. Even better, after major downward revisions, continuing claims rose 17,000 to 1.811 […]
The Bonddad Blog – by New Deal democrat On Monday I examined some series from last Friday’s Household survey in the jobs report, highlighting that they more frequently than not indicated a recession was near or underway. But I concluded by noting that this survey has historically been noisy, and I thought it would be […]
Not rewriting anything on this commentary or adding to it. Shahon Firth covers a lot of territory in his brief commentary. Probe Into Private Equity in Healthcare Launched, MedPage Today, Shannon Firth Government officials announced a joint investigation into the role of private equity and “corporate profiteering” in healthcare during an online workshop hosted by […]
February consumer inflation: the tug of war between gasoline and shelter continues The Bonddad Blog – by New Deal democrat Last month I described the trend in consumer inflation as an ongoing “tug of war” between energy and housing. Energy (mainly gasoline) peaked in June 2022 and made its low in June 2023, while housing, […]
Later this week we get a lot of interesting reports, including CPI tomorrow, retail sales on Thursday, and industrial production on Friday. In the meantime, let’s take a further look at some of the more noteworthy data from Friday’s employment report.
As UnitedHealth Medicare Advantage Care racks up unprecedented profits, the people it insures battle for care. Open Thread February 29 2024 “The Republican Party is dying as Trump and his supporters take it over . . .” Angry Bear
PTSD is a scourge for military veterans. The good news is that the VA system provides specialized, high-quality care for PTSD; the bad news is that corporate-friendly politicians are privatizing this vital public health system.
Weekly Indicators for March 4 – 8 at Seeking Alpha – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Generally speaking, there is a demarcation between consumer-oriented data, which is in the main positive, and manufacturing-oriented data, which is mainly weak or negative. As usual, clicking over and reading will bring […]
February jobs report: the Household Survey is downright recessionary, while the Establishment Survey is decidedly mixed – by New Deal democrat In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically: Here’s my in […]