Jobless claims flat for the moment – by New Deal democrat There’s no big news in the jobless claims release this week. Initial claims fell -12,000 to 214,000, but the 4 week average increased 1,250 to 212,250. Continuing claims, which lag somewhat, increased 21,000 to 1,385,000: To the extent there is any discernible trend, I […]
With regard to the Albertson – Kroger merger. CEPR’s Eileen Appelbaum discusses a private equity profit scheme involving the Kroger/Albertsons grocery megamerger. Albertsons will pay out about a third of its market value to its former private equity owners and investors in November as part of the merger with Kroger. The large payment sets up […]
Two of the most knowledgeable economists discussing events leading up to this year’s high inflation and the resulting interest rates. Of course, the Fed is reacting to the high inflation rates. If we look out into the future, probably early next year for a recession. OER should not be used by the Fed in setting […]
Housing on track for an early 2023 recession, but with a major caveat – by New Deal democrat I don’t think anybody was expecting a good housing construction report this month. Those non-expectations were certainly fulfilled. Housing permits rose slightly, 1.4%, from last month’s 2 year low. Single family permits, which contain even more signal, […]
The usual mix of articles on the internet. The important ones are healthcare and legal issues. The usual legal issues going on with trump who is flinging as much mud against the wall to confuse the issue of his attack on the US. Eventually, this will come to an end. Hopefully, there is an end […]
September industrial production comes in very strong – by New Deal democrat September’s industrial production report puts the final nail in the coffin in the notion that the US is already in recession. I call industrial production the King of Coincident Indicators because, more than any other single metric, it coincides with the peaks and […]
Brett Crosby currently serves as Region IV Director for the U.S. Cattlemen’s Association, representing Utah, Wyoming, and Colorado. He taps into the current trends in the beef market from a producer side, and I couldn’t have said it any better than he has in his opinion piece in Northern Ag Network. Here’s Brett: A blog […]
The “Consumer nowcast” recession warning is triggered, as real wages decline, real aggregate payrolls near stall, plus record mortgage payments – by New Deal democrat No economic news today. So, now that we have the September inflation read, let’s take a look at a couple of important consumer indicators: real average wages, and real aggregate […]
plan to force Democrats to make concessions which would almost certainly include cuts to Social Security and Medicare
Weekly Indicators for October 10 – 14 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Just about everything looks awful. And one bright spot, consumer spending as measured by Redbook, just got dimmer. Needless to say, if consumer spending rolls over, that’s pretty much the ball game.. You […]