Nothing new under the sun here. Maintaining profits has been a matter of fact for decades. It became more popular under Pres. Reagan. Deere Reports Strong Profits Amid Layoffs of Workers Across Iowa, Des Moines Register August 13, 2024 and Kevin Baskins at the Des Moines Register reports on the Deere & Company layoffs across […]
Kevin Drum has a post up about the present and future of EV charging stalls in the US. As of 2023, the number was 184,000, with public charging stalls outnumbering Tesla stalls 6:1. Is that a lot or a little? Well, lots of people say that they’re holding off buying EVs because of the range, […]
by Bill McBride Calculated Risk Single-family serious delinquencies increased slightly in August, and multi-family serious delinquencies decreased slightly. Freddie Mac reported that the Single-Family serious delinquency rate in August was 0.52%, up from 0.51% June. Freddie’s rate is down year-over-year from 0.55% in August 2023. This is below the pre-pandemic lows. Freddie’s serious delinquency rate peaked in February […]
I only provided a portion of the report and the 6 figures (one through six). The full report on Income can be found here: Income in the United States: 2023, Gloria Guzman and Melissa Kollar. The economy was not as bad as the politicians and trump make it out to be, The numbers do not […]
Good Old Days? A story . . . I was at Parker-Hannifin Fluid Power for a bit over 4-years. Due to the economic slowdown in 1982, they let me go. I was replaced by someone out of sales. The explanation? His wanting to learn about manufacturing hydraulic and air cylinders. It was obvious he was […]
-by New Deal democrat The monthly personal income and spending report is now the most important report of all, except for jobs. That’s becuase it tells us so much about the state of the consumer economy. It is the raw material for several important coincident indicators that the NBER looks at, as well as several […]
I recently retired after working for the same employer for 37 years. My dad also worked ca. 35 years for his employer before retiring, as did my father-in-law. My sister worked for her employer for 40 years. Two of my sisters-in-law worked for their only employer for about that long. My daughter, on the other […]
– by New Deal democrat I’ve been writing for the past number of weeks that we were approaching the acid test for the hypothesis that unresolved post-pandemic seasonality explained the sharp increase in jobless claims in the summer. This week we are fully immersed in the 6+ month comparison period where initial claims in the […]
Excellent reporting by Motor Trend revealing how a new tech radio gives you music and can also eaves-drop on you. The result of eaves dropping is to schedule commercials that may appeal to your interests. The radio then will program commercial ads that may suit your interests. Maybe by introducing something new? What do you […]
– by New Deal democrat With this morning’s release of new home sales, we have all of the important housing data releases for the month. So let’s integrate that into the overall housing outlook. Let’s begin with my usual overview that new home sales are the single most leading metric for the entire sector, but […]