While neither the stock market nor bond credit rating business are the economy, changes in the stock market and bond credit ratings are often harbingers. “Moody’s announced Friday evening it was lowering the US score to Aa1 from Aaa. A gauge of the greenback fell 0.6%, US stock futures slid and Treasuries’ yield curve steepened […]
It is doubtful Trump has ever seen an actual farm, rows of feed corn, or acres of wheat grown in the US. Indeed, he is the self-proclaimed expert of agriculture deals. Yet he has never navigated a field of cow-pies or stood in a field of corn watching it sway in the wind. Agriculture in […]
You may think the Energy Star program is about helping industry by making it easier and less expensive to manufacture product. Not particularly so; but, the Energy Star on a product could promote greater sales. Much of the costs of manufacture are low as it is and due to offshoring manufacture of product. When manufacturing […]
As you get further down in the latest Krugman piece, you will read: “Everything is at most an announcement about what tariff rates will be for the next 90 days.” A lot of talk and threats and no reality. We are constantly off balance due to Trump’s (as the Pres) threats. The Trade War Isn’t […]
– by New Deal democrat In April total permits (dark blue in the graph below) declined -69,000 on an annualized basis to 1.412 million, while the less volatile single family permits (red, right scale) number declined -50,000 to 922,000. The slightly lagging and much more volatile starts number (gray, narrow) rose 22,000 to 1.361 million annualized: […]
– by New Deal democrat The final datapoint for today is industrial production, including its important manufacturing component. Last month I wrote that “I suspect the big increases in February and March in manufacturing, like this morning’s retail sales numbers, were about front-running T—-p’s tariffs. Which means that like retail sales, production might have been […]
This is the latest article discussing US automotive manufacturing I could find right now. If I could find my old charts I would use to plan components, I could offer more up-to-date information. However, the US automotive industry builds millions of cars each year and accounted for 2.8% of all nonfarm jobs in the US […]
– by New Deal democrat Next up in today’s slew of data is retail sales. This is one of the most important indicators I look at, because it tells us so much about consumers, and since consumption leads employment, it gives us information about the trend in that as well. In April, nominally retail sales […]
Jobless claims: more of the same – by New Deal democrat After a long data drought, there are many releases today. I’ll start with jobless claims. Initial claims were unchanged at 229,000, while the four week moving average rose 2,250 to 230,500. With the typical one week delay, continuing claims rose 9,000 to 1.881 million: […]
Port Optimizer – Control Tower Wabtec Corporation Shipping on the way to Los Angeles – Long Beach Docks. Container ships As you can see, there is a scheduled decrease. This could change dramatically in the next report. Port Optimizer – Control Tower Wabtec