Relevant and even prescient commentary on news, politics and the economy.

Manufacturing and construction start out the month’s data to the negative side

Manufacturing and construction start out the month’s data to the negative side  – by New Deal democrat As usual, we start the month with reports on last month’s manufacturing, and construction from two months ago. The ISM manufacturing index has a 75 year record of being a very reliable leading indicator. According to the ISM, […]

Positive revisions make for a good March industrial production report

Positive revisions make for a good March industrial production report  – by New Deal democrat If retail sales for March were bad, industrial production (blue in the graph below) was at very least mixed to the upside. Total production increased +0.4%, and on top of that February was revised higher by +0.2%, and January was […]

Enjoy Easter

Angry Bear readers, commenters, and writers. Have a wonderful Easter day filled with family, friends, good food, lots of fun, and special memories made! Dan and I are gone for the day. Be back on Monday to write, present, and talk again. Best wishes . . .