Relevant and even prescient commentary on news, politics and the economy.

Potential Bad Year for Housing

Home Sales on Track for Worst Year Since 1995 – WSJ I suspect the same issues with the economy caused by tariffs will also have an impact on housing. Just have to wait and see the impact of Trump tariffs on building materials and internal fixtures such as plumbing, toilets, doorknobs, etc. Much of which […]

Jobless claims: back to almost completely normal and neutral

 – by New Deal democrat Initial jobless claims continued their return to normalcy this week, as they increased 3,000 to 221,000. The four week moving average declined -9,750 to 227,250, which is tied for the lowest number except for two weeks in five months. Continuing claims, with the typical one week delay, rose 39,000 to […]

Lessons from Livermore’s 2023 Energy Consumption Chart

I have been reading Lloyd for about 20 years now. His specialty I would say is the environment and environmental issues and how humans cause the good, bad, and ugly of them. Good reading with multiple flow charts. Some detail before the Commentary by Llyod. Lawrence Livermore National Laboratory (LLNL) produced the first diagrams illustrating […]

The economically weighted ISM average indicates economy expanding nicely, but likely in latter stage of the cycle

– by New Deal democrat [I was busy doing my civic duty the past few days. I’ll have something to say about the election at some point later, but not now.] Yesterday the ISM services report came in very strong for the second month in a row, with the headline at 56.0 and the more […]

Monthly Construction Spending, September 2024

Monthly Construction Spending, September 2024, Census Bureau Construction spending estimates are comprised of estimates based on mail-out/mail-back and interview surveys of selected construction projects and building owners, and estimates developed or compiled from other Census Bureau, federal agency, and private data sources. Total ConstructionConstruction spending during September 2024 was estimated at a seasonally adjusted annual […]

Monthly Full Report on Manufacturers’ Shipments, Inventories, & Orders

Census Bureau monthly report which I broke out a bit differently to make it an easier read or maybe not? I do like inventories being down. Monthly Full Report on Manufacturers’ Shipments, Inventories, & Orders. – Press Release The purpose of the Manufacturers’ Shipments, Inventories, and Orders (M3) survey is to provide broad-based monthly statistical […]

The Lowest Wages in the United States for Labor

There is more to this report on Labor than what I am presenting here. Consulting to manufacturing gave me an excellent background on the costs of Labor as compared to Overhead and Materials. Whacking Labor does not gain business much in return and will lead to inefficiency in manufacture and delivering a timely product. If […]

“Annual home price growth cooled for the seventh consecutive month”

ICE Mortgage Monitor: “Annual home price growth cooled for the seventh consecutive month” – by Bill McBride Calculated Risk Newsletter Here is the ICE November Mortgage Monitor report (pdf). Press Release: ICE Mortgage Monitor: Record Levels of Tappable Equity, Fed Rate Cuts Could Spur Resurgence in Home Equity Withdrawals Mortgage Delinquencies Increased in September Here is a graph […]