Iranian Demonstrations Spread to Oil Workers by Barkey Rosser The death of a Kuidish-Iranian woman not wearing a hijab to cover her hair has led to weeks of demonstrations led by mostly young women especially in the Kurdish parts of Iran. However, they have gained the support of young men as well, despite a severe […]
“GM Strikes $69M Deal to Source Nickel and Cobalt from Australia,” DBusiness Magazine, Tim Keenan Like the rest of the big three and other auto manufacturers, GM is preparing to go electric for cars and abandon oil. GM Detroit secured a new source of cost-competitive nickel and cobalt in Australia for its Ultium battery cells. […]
September real retail sales lay another egg – by New Deal democrat One of my favorite indicators, retail sales, was reported for September this morning, and it came in unchanged. Which means that after factoring in +0.4% inflation in September, real retail sales were down -0.4%. Which is not good, because real retail sales have […]
It’s that time again*: we have reached the stage in the business cycle when normally sensible economists are alarmed that the Beveridge curve has shifted up. Paul Krugman is (as usual) on the side of relative reason, but he miss-used the curve in this figure Here he uses the data *and* the assumption that there […]
“Patagonia: Life Imitates Theory,” Econospeak by Peter Dorman When Yvon Chouinard, the founder of Patagonia, completed the transfer of that company’s ownership to an environmental trust fund, it was front-page news across the country. It came as something less than a shock to me, however, because I had described a very similar structure in a paper I […]
“September consumer inflation: primarily a function of the fictitious “owners’ equivalent rent” plus new cars” – by New Deal democrat Since last November I’ve been hammering the fact that the official CPI measure of housing inflation, “owners’ equivalent rent,” seriously lagged, as in by a year or more, actual house prices as measured by the […]
“Initial claims continue to rise along with gas prices“ – by New Deal democrat Last week I wrote that initial jobless claims may have ended their recent downtrend. This week appears to have confirmed that. Initial claims rose 9,000 to 228,000, and the 4 week average rose 5,000 to 211,500. Continuing claims, which lag somewhat, […]
USDA has now dropped the World Agricultural Supply and Demand Estimates in the much awaited October reporting. In a simple one liner, here is the gist of it – lower soy and corn yields this year (drought and lack of fertilizer – we saw this one coming), but wheat supply down, but higher than last […]
As the economy slows, so has producer price growth – by New Deal democrat Consumer prices for September will be released tomorrow. This morning the upstream producer prices were released. Total PPI rose by 0.4%, after two straight months of decline; but excluding those and December 2021, the lowest monthly increase since November 2020. Here are […]
Latest mixed bag of articles for the week touching on many topics. The very first article implies there was a grant to the Wuhan, China facility. Not sure why that would occur considering all the ruckus which occurred in the past. There is also an article on the Jacksom Mississippi water issues. Jackson is a […]