RJS: MarketWatch 666 Summary: Construction Spending Up 0.2% on Higher Prices in April, after March Spending was Revised 0.6% Higher The Census Bureau’s report on construction spending for April (pdf) estimated the month’s seasonally adjusted construction spending was at a $1,744.8 billion annual rate during the month. Up 0.2 percent (±0.8 percent)* from the revised March annual […]

 by New Deal democrat Weekly Indicators for May 30 – June 3 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The slow drip, drip, drip of decelerating or declining data is continuing, as among other things, the YoY increase in withholding tax payments from workers has declined significantly in the past month. […]

May jobs report: Like the past few months, I was most interested in three main issues: 1. Is the pace of job growth decelerating?  (Yes, but it is still very strong by historical standards) 2. Is wage growth holding up? Is it accelerating? (It is still strong, but decelerated again slightly) 3. Are the leading indicators […]

After all this time, and even with the benefit of history, the causes of World War One (WWI) are still a matter of discussion amongst scholars. For scholars living then to have understood what the causes were, they would have needed to have known an awful lot about all that was going on at the […]

I have worked with Alan Collinge and Student Loan Justice Org. for at least a decade on student loan bankruptcy. This article was taken from the Tallahassee Democrat. This article has some numbers on who is impacted, which has been presented, and largely ignored here and other places. United States Senator Elizabeth Warren (D-Mass.) and Senate […]

April JOLTS report: record low layoffs, still near record high quits and job openings Late last year, I introduced the idea that the jobs market was similar to a game of musical chairs or perhaps other games as well such as 케이카지노. Employers added or took away chairs, and employees tried to best allocate themselves […]

Manufacturing and construction continue to be positive for the months ahead Let’s take a look at the new month’s first data, on manufacturing and construction. The ISM manufacturing index, and especially its new orders subindex, is an important short leading indicator for the production sector. Manufacturing and production equipment such as special tooling, patterns, molds, […]

Student Loan Debt Forgiveness for half a million students from Corinthian Colleges (cnbc.com) An approximate 560,000 Corinthian College Inc. former students will have their loan balances forgiven as announced by U.S. Secretary of Education Miguel Cardona. “As of today, every student deceived, defrauded, and driven into debt by Corinthian Colleges can rest assured that the […]

House prices: signs and portents of an approaching peak? House price increases were still going strong through March, as reported this morning in both the Case Shiller and FHFA house price indexes. The Case Shiller national index rose 2.1% for the month and 20.5% YoY, the biggest YoY% gain ever, while the FHFA purchase-only index […]

RJS: MarketWatch 666 Summary: 1st quarter GDP revision; April’s personal income and outlays, durable goods, and new home sales 1st Quarter GDP Revised to Show Our Economy Shrunk at a 1.5% Rate The Second Estimate of our 1st Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services shrunk at […]