CPI Rose 0.6% in May on Higher Prices for New and Used Vehicles, Clothing, and Airfares; Now Up 5% Year over Year, MarketWatch666, Commenter RJS The consumer price index rose 0.6% in May, as higher prices for new and used vehicles, clothing, airfares, car and truck rentals, and utilities were only slightly offset by lower prices for gasoline […]
Global Polls OK, so I think the nations surveyed are biased, but I have now seen two polls with roughly similar polls. So Pew, with a larger base and solid credibility has that among foreign nations polls in their nations data set showed an improvement in favorability rating for the POTUS have gone from 17% […]
April Trade Deficit Decreased 8.2% on Lower Imports of Consumer Goods and Automotives, Commenter and blogger RJS Our trade deficit was 8.2% lower in April, as our exports increased and our imports decreased . . . the Commerce Dept report on our international trade in goods and services for April, incorporating an annual revision, indicated that […]
Treasury Secretary Yellen Achieves A Victory This is her getting the G-7 finance ministers to agree to a minimum 15% corporate tax. It is easy to sneer at this. Some of the nations involved may not pass it. There are many problems with details, such as whether the tax would be on gross or net […]
#TangPing (“lying flat”) China’s new ‘tang ping’ trend aims to highlight pressures of work culture (from BBC) Young people in China exhausted by a culture of hard work with seemingly little reward are highlighting the need for a lifestyle change by “lying flat”. The new trend, known as “tang ping”, is described as an antidote […]
– by New Deal democrat Weekly Indicators for May 31 – June 4 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. On the one hand, it’s amazing just how positive the indicators are almost across the board – including long term Treasuries getting relaxed about the inflation scare. On the other hand, […]
May jobs report: almost all positive, but not good enough HEADLINES: 559,000 jobs added: 492,000 private sector plus 67,000 government. The alternate, and more volatile measure in the household report indicated a gain of 444,000 jobs, which factors into the unemployment and underemployment rates below. The total number of employed is still 7,629,000, or 5.0% […]
New jobless claims continue strong decline, consistent with ongoing recovery, while continuing claims continue mixed New jobless claims continue to be the most important weekly economic datapoint, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic – deaths are at their lowest point in over a year, […]
My Latest Book Heck, I might as well brag here when I have the opportunity, and I do. So, just a couple of days ago my latest book came out from Springer Nature. It is called Foundations and Applications of Complexity Economics. I am not going to go on about it or its contents other than […]
May manufacturing continues white hot; April construction spending shows signs of being constrained by materials and costs It’s the first of the month, which means we get our first look at May data in the form of the ISM manufacturing index, as well as April construction spending. The questions we are looking for information to […]