Will Tether Bring All The Cryptocurrencies Way Down? I do not know, but there is a fairly serious argument now out there that this could happen. It is made by Gennaro at hackermoon.com/tether-and-the-great-crypto-ice-age-115h329k , picked up on by Tyler Cowen on Marginal Revolution without comment. Among those Gennaro cites at least partly supporting his argument […]
Producer Price Index YoY Records for Final Demand and Intermediate Services; 46 year High for Intermediate Goods, 48 year High for Raw Materials Commenter RJS and MarketWatch 666 blogger The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in April, as prices for finished wholesale goods rose 1.5% while margins of final services providers […]
Coronavirus dashboard for June 17: big progress since 1 year ago; big “Delta” challenge still ahead One year ago today, in my Coronavirus Dashboard for June 17, here was my graph of cases Which I described as: As shown in the graph above, [after Arizona at 214 per million population] the remaining “top 10” are all […]
Commenter Fred Dobbs had much of this in the Open Thread, June 19th at 9:33AM. I highjacked it, added more up to date detail, and an opinion. I did find it interesting. Somewhere there is a print(s) and BOM for this structure along with specifications (which were alluded to as BD vs BC steel) for […]
May housing permits and starts continue down from recent peak In May housing permits (blue in the graph below), including the least volatile single-family permits (red, right scale), continued to decline from their January peak. Meanwhile, the more volatile and slightly lagging housing starts (green) increased, but remained below their March peak: The level of […]
The decline in new jobless claims stalls, as the “delta” variant is ready to strike the unvaccinated States New jobless claims continue to be the most important weekly economic data point, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic, with both new infections and deaths at […]
Commenter RJS and MarketWatch 666 blogger Seasonally adjusted retail sales fell 1.3% in May after retail sales for April were revised 1.4% higher . . . the Advance Retail Sales Report for May (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $620.2 billion for the month, which was a […]
Why Are Infrastructure Costs So High In The US? Sorry, but anybody wanting some simple answer on this one, especially an ideologically neat one, sorry, there is not one, Indeed, on this important issue, there is a large problem, but not remotely a clear answer regarding why there is this large and important problem. For […]
Your money or your life. Highway robbery has been around since. On the high seas, was known as piracy. Been writ that pirates didn’t always even offer the choice. All made for generations of good bedtime reading for youth. And, for mock sword, and bow and arrow, fights. And, really bad movies. Thanks, Howard Pyle, […]
Industrial production on the verge of exceeding pre-pandemic level Industrial production is the King of Coincident Indicators. It is the single datum that most frequently coincides with the NBER determination of the beginning and end of recessions. In May, total production increased +0.8%. Manufacturing production increased +0.9%. Both current readings are the highest since the […]