No one wants to pay more for energy at any time. No one wants the means for greater independence from foreign control, big business, wasteful practices which will involve them. The reality being, it is all about us. The thems of the world. ~~~~~~~~ “As taken from Michigan Radio/NPR; “Auchter’s Art: Not in my backyard,” […]
Weekly Indicators for November 28 – December 2 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. First the long leading indicators turned. Then the short leading indicators turned. Now the coincident indicators are weakening to new expansion lows almost every week. The silver lining is: the first […]
November jobs report: decidedly mixed signals, most consistent with a still-growing but decidedly weakening economy – by New Deal democrat Since early this year I have expected employment to follow the halt in consumption growth, decelerating over time to a stall. This has only intensified given the major decline in growth in payroll withholding […]
A Tale of Two Recoveries podcast from the Roosevelt Institute compares the recoveries between now and the Great Recession. What’s Changed since the Great Recession? The shifts in economic policy thinking over the last decade helped produce today’s record-breaking recovery. Heidi Shierholz: “The economy is not like the freaking weather, right? Like it really is […]
As I read Dean Baker’s perspective on Low Income families, I find it hard to believe. The market in the Southwest has dried up due to high prices and interest rates. One or the other has to be lower to attract buyers. Builders have not lower prices and bank rates have remained high. One builder […]
November manufacturing and October construction both decline, the former almost at recessionary levels – by New Deal democrat As usual, we begin the new month’s data with the ISM manufacturing index. This index has a very long and reliable history. Going back almost 75 years, the new orders index has always fallen below 50 within 6 months […]
Economic Policy After The Midterm Elections Will economic policy change much aa a result of the midterm elections? After all, the GOP has taken the House of Representatives, if only narrowly, with inflation and the economy supposedly the top issue, especially for those supporting the GOP. Will this reappearance of “divided government” have an impact […]
Strong personal income and spending contrast with near record low in saving – by New Deal democrat Like retail sales earlier in November, personal income and spending both rose smartly, as shown in the below graph of real retail sales compared with real personal spending: Real personal income was up 0.4%, and real personal spending increased […]
So Much For The Iran Nuclear Deal – by Barkley Rosser @ Econospeak Sorry you have not seen me here for a while. My laptop on which I am able to post here was out of commission, but now has been fixed. Well, it was not the US beating Iran in the World Cup. It […]
Initial jobless claims get closer to signaling recession – by New Deal democrat Today is one of those data-palooza days, so I’ll put up separate posts on personal income and spending, and the ISM manufacturing report and construction spending reports later. But let’s start with weekly jobless claims, and the news here is OK for […]