– by New Deal democrat In the paradigm popularized by Prof. Edward Leamer 20 years ago, motor vehicle sales are the 2nd domino to fall, after housing, in the procession of sectors that turn down prior to recessions. I haven’t updated this in a while, so let’s take a look. As an initial matter, the […]
It Doesn’t have to.” make people sick. Elizabeth Allen of Vera Institute of Justice talks to one prison head Michael Capers. To get visitors, meant a prisoner would have a chance to buy snacks out of the visitor vending machines. If you ever go, bring a couple of rolls of quarters to feed the machines. […]
Producer prices remain tame – by New Deal democrat Producer prices for final demand (blue) rose 0.1% in July, while upstream raw commodity prices (red) rose 0.7%, close to their highest monthly increases in the past two years: In the larger pre-pandemic scheme of things, the one month rise in commodity prices is not a […]
I am a recipient of the SwissInfo (SWI) news and have been for a long time. Out of southern Germany I would duck down to Switzerland to tour when I was not working. A different economic outlook in Switzerland as compared to the US. Maybe someone can add to the story of the European economy? […]
If you have been keeping up with New Deal democrat’s reports on the economy. He is not yet quite sold on the US slipping into recession. The Establishment Survey numbers are still positive. Numbers He believes and the numbers support his beliefs we are in a slight expansion mode. NDd also believe it is time […]
It is a common trope that university faculty don’t understand or live in “the real world.” This always tickled me. The unemployment rate for college grads has always been lower than for those without a degree, I guess university faculty do know a thing or two about the real world, since they can train students […]
Weekly Indicators for August 5 – 9 at Seeking Alpha – by New Deal democrat My “Weekly Indicators” post is up, a day later than usual, at Seeking Alpha. While there was some excitement at the racetrack Monday as stocks just missed making a new 3 month low by a hair, the more exciting news by […]
In my lifetime, I’ve seen plenty of changes. The business model for recorded music (LPs, 8-tracks, cassettes, CDs, streaming), the business model for movies (theaters, Blockbuster, online), the business model for cameras (film SLRs, digital SLRs, mirrorless), the model for lecture presentations (live with chalkboard, live with overhead projector, live with Powerpoint, online recorded) all […]
I grew up in East Tennessee in the 1960s. Fish was something that came in breaded rectangles out of the freezer. Growing up Roman Catholic, it’s what was for dinner on Friday. I never cared for fish back then. We honeymooned in Charleston SC (“where the Ashley and Cooper rivers meet to form the Atlantic […]
– by New Deal democrat The final data point from last week that I wanted to catch up on was construction spending, and especially residential construction and spending. As reported last week, in June total nominal spending declined -0.3% in June, but is higher 6.2% YoY. The more leading residential sector also showed a -0.4% […]