Industrial production slightly positive overall, but with negative revisions Industrial production is the King of Coincident Indicators. It is the single datum that most frequently coincides with the NBER determination of the beginning and end of recessions. Production increased 0.4% in June, but May’s result was reduced by -0.2%. The manufacturing component declined less than […]
MarketWatch 666, R.J.S., June Producer Price Index Sets YoY Records for Final Demand and Intermediate Services; 46 year High for Prices of Intermediate Goods The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.0% in June, as prices for finished wholesale goods rose 1.2% while margins of final services providers rose 0.8%…that increase followed a […]
Imagine that in the 1970s you bought a plat along the coast in Florida that was on a large pile of sand that was basically at sea level upon which you planned to build a four-hundred unit, twelve story tall, condominium complex. This complex was to rest on a slab of concrete that rested atop […]
by New Deal democrat Weekly Indicators for July 12 – 16 at Seeking Alpha My “Weekly Indicators” post is up at Seeking Alpha. All timeframes continue positive, but the renewed outbreak of COVID – indeed, its uncontrolled exponential spread – is the proverbial elephant in the room, and is quite likely to Bigfoot the entire forecast […]
This post is before my time of writing at Angry Bear. It does fit in nicely with the need for reasonable economics of our times and I noticed its popularity growing . The author of this piece is Kash, one of the originators of AB. This is a rehash which has seen rising popularity. If […]
Real wages decrease sharply – at least, if you include used vehicle prices As I pointed out yesterday, the big increase in inflation over the past few months has made the YoY change in real wages for nonsupervisory workers negative. Let’s take a little closer look. Here is a graph of wages for nonsupervisory workers […]
Consumer inflation rises the most in over a decade; will it draw the Fed’s attention? Let me start my take on this month’s inflation report with my concluding remarks last month: “this is not a big deal if it only lasts another month or two. But if the trend continues longer than that, it will […]
Steve Hutkins from Save The Post Office, “Why the USPS proposal to reduce service standards will cause “undue discrimination” The Postal Service’s plan to reduce service standards is now being reviewed by the Postal Regulatory Commission for an Advisory Opinion. On Monday, June 21, the Postal Service and several of the intervenors in the case […]
During the first Trump impeachment, and the second, House Republicans strongly opposed subpoenaing any witness who might tell the world some of the more egregious things that Trump had done and said as President. During the Senate trials, Mitch McConnell used his position to ensure that no witnesses were called, no incriminating evidence was presented, […]
Scenes from last week’s June employment report With no significant economic data today, let’s take a look at some of the more salient numbers from the June employment report released one week ago. Starting with the headline employment numbers, both the Establishment Survey and the Household Survey, while diverging in any given month, are in […]