Initial claims still very positive, especially YoY – by New Deal democrat Before I get to this morning’s personal income and spending report, let’s get the latest weekly update to jobless claims out of the way. New jobless claims rose 13,000 to 215,000, while the four-week moving average declined -3,000 to 212,500. Continuing claims, contrarily, […]
The state of freight – by New Deal democrat There’s no significant economic news today. Yesterday we did get durable goods orders, which are an official leading indicator. I don’t pay too much attention to them, because they are so volatile. Thus yesterday’s big -6.1% decline (blue in the graph below) is more likely than […]
Michigan has always been in the hunt for new model manufacturing in Michigan. This one pitched by Michigan to GM is nothing new. Just another state buying a company by funding its stay. I can find my records on this, Michigan owes $billions to corporate Michigan. This all started with Governor Engler. Companies are used […]
Repeat sales house price indexes continue to increases on par with past expansions – by New Deal democrat House prices lag home sales, which in turn lag mortgage rates. Yesterday we got the final January reading on sales. This morning, we got the final monthly (for December) read on prices, for repeat sales of existing […]
This merger would only make groceries higher in cost. The economies of scale would not be passed along to consumers. Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceries, QUARTZ The Federal Trade Commission has sued to block the $24.6 billion acquisition of Albertsons by rival […]
Over at jabberwocking.com, Kevin Drum takes on Paul Krugman over his assertion that small-town America is aggrieved because the working-age men are more likely to be unemployed than their metropolitan counterparts. As usual, Kevin brings the charts and numbers to show that while Krugman isn’t wrong, the differences are small and don’t explain “white rural […]
Renewables 2023, Analysis and forecast to 2028. IEA, Paris Executive Summary I did this before with the IEA. Sent the IEA a few emails establishing what Angry Bear could and could not use. Attributing the analysis I have posted here was one of the requirements. With their permission, I can bring to Angry Bear much […]
New home sales and YoY prices change little; expect sideways trend to follow similar recent trend in mortgage rates – by New Deal democrat This week we conclude January’s housing market data with repeat sales prices tomorrow, and new single family home sales, which were reported this morning. Per my usual caveat, while new home […]
The “gold standard” of employment reports suggests that last summer’s job growth was even weaker than we thought – by New Deal democrat While the monthly jobs report gets all the headlines, the “gold standard” for actual employment gains and losses is the Quarterly Census of Employment and Wages (QCEW), which as its name indicates, […]
Remember chasing the mosquito man’s truck? silive.com, Cassy Sommer During the fifties and sixties, it was not unusual to see trucks spraying DDT near heavily wooded and swampy areas. I certainly do not recall kids running behind truck spraying the areas. Some claim this was a common practice. My aunts and mom would have had […]