The manufacturing sector of the economy continued to improve in June – by New Deal democrat There’s a brief hiatus from new data early this week, so let me briefly look at the manufacturing economy, for which industrial production was reported on Friday. To briefly recap my overall position: despite the chaos coming out of […]
What Charles Gaba is showing the impact of the legislation passed by Congress eliminating ACA subsidies. This largely has an impact on ACA enrollment this year. I am displaying partial of Charles’ Post on his site ACA Signups. Charles is using the CMS database to show ACA enrollment before and after the Republican controlled Congress […]
Weekly Indicators: All Timeframes Positive Despite Increase in Oil Prices Despite oil prices heading back north of $80/barrel this past week, the underlying fundamentals in all time frames remain positive, including most importantly consumer spending. As usual, clicking over and reading will bring you up to the virtual moment as to the state of the […]
What Brian is touching upon is the end of a government program providing loans in rural areas for housing. To be specific, the object was providing below-market-rate loans to private and nonprofit developers who build and manage residential housing for low-income residents in small towns and rural counties. It also kept the rent to 30% […]
Dean Baker on Fast Food and the cuts to it when the economy is slow. The Fast-Food Spending Index is Falling Fast For the last several years I’ve been using real spending at fast food restaurants as a gage for assessing how the non-rich are feeling about their personal finances. The logic is that it […]
– by New Deal democrat Last week I wrote at length about how the entire housing market had reached an equilibrium, where almost all of the metrics were more or less flat. Meaning that this important long leading sector for the economy was about as neutral as it could be. This morning’s data on housing permits, […]
– by New Deal democrat Let’s take a look at retail sales, especially real retail sales, one of my favorite economic indicators, which was updated for June this morning. This is because consumer spending is about 70% of the economy, and also because historically consumption leads employment. Let’s see what happened during a month that gas […]
– by New Deal democrat Let’s take our usual weekly look at jobless claims, along with stock prices 1/2 of my “quick and dirty” forecasting method. And they continued to forecast expansion. Initial claims declined -8,000 for the week to 208,000, with the four week moving average declining -4,750 to 214,250. With the typical one […]
Wholesale and Producer Price Index decreasing. Results of backing away from a war posture. Some of which is the result of a ceasefire. Oil prices increasing again after war was declared again by Tr__p. I suspect higher gasoline prices even if not driven by oil or processing costs. It can always be blamed on the […]
Confessions of a deeply embarrassed American. Politics and Prejudices and other musings – Jack Lessenberry July 1 was Canada Day, the official celebration of Canada’s birth as a nation, and for the second time in three years, I went to Sault Ste. Marie, Ontario, to celebrate and watch the fireworks from my hotel on St. […]