If Barkley is writing about it, it warrants space on AB. RIP Sharon L. O’Hare, Econospeak, Barley Rosser I know, I know, my part of this blog is increasingly resembling an obituary column. But, heck, people I know who are conneted to econ keep dying, although this one was not as well known as others. […]
Final existing home sales report of 2021 is positive As we wind down the year, most of the remaining data will be from the housing sector. Tomorrow we get new home sales, then next week one final round of house price indexes. These summers are hot and long, and if you don’t have Residential Shades, […]
This topic is blowing up in the news. Politicians claiming recipients are laying out cash for drugs and other unneeded things. Funny thing, they didn’t give a damn when 20 million hydrocodone and oxycodone tabs showed up at five pharmacies in 4 small towns having a total population of ~22000 in 2016. Gotta keep those […]
Farmer and Agriculture Economist Michael Smith “[Land profits] are a species of revenue which the owner, in many cases, enjoys without the care and attention of his own” -Adam Smith In other words, land appreciates not by the owners doing, but his neighbors. Sure, there are certain things that can be done to improve land, […]
November’s retail sales, industrial production, producer prices, & new home construction; October’s business inventories, Summary: Record 9.6% Annual Increase in November Producer Price Index; Record 6.9% YoY Increase in Core Prices; Record 7.1% YoY Increase for Final Demand Services, Record YoY 14.9% Increase for Final Demand Goods, and a 46+ year Record for Prices of […]
Real retail sales declined in November, but continue to auger well for strong jobs growth, New Deal Democrat Retail sales, one of my favorite “real” economic indicators, were reported this morning for November. They increased 0.3% for the month, and October’s blockbuster report was revised 0.1% higher, to +1.8%. After inflation, though, “real” retail sales declined […]
—We study history in order to better understand what is going on now, to be better able to look into the future. — The Great Depression was a manifestation of the utter and complete failure of capitalism. Social Security, unemployment, and Welfare were implicit admissions of this failure. Capitalism had spectacularly failed to provide for […]
by New Deal democrat The state of the American consumer Yesterday I updated my alternative “consumer nowcast” fundamentals-based model of the economy, which serves as a check on my other models, and posted it over at Seeking Alpha. Hard to believe that I first wrote up that model over 15 years ago way back when I […]
Production, layoffs, housing hit the positive trifecta in November, New Deal democrat We got a blizzard of November and December data this morning across all three – coincident, short leading, and long leading – timeframes: industrial production, jobless claims, and housing permits and starts. All three were positive. Let’s start with the King of Coincident […]
At 7:20 minutes, you get to hear Cancun Ted talk about the crisis supposedly created by Democrats. “In a time of Crisis, character is revealed. On the Democratic side, we have seen Democratic politicians are authoritarian. They will control your life. They will order you to obey and they will destroy you if you don’t. […]