Jobless claims break on through – 1M+ jobs report for April looks likely As I have said for the past few weeks, new jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. With the number of those vaccinated continuing to increase, I have been expecting a […]
– by New Deal democrat Weekly Indicators for April 12 – 16 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The big call I made last year is that conditions were setting up for a Boom this year, once the pandemic started to be overcome. Well, almost half of all Americans have […]
CPI Rose 0.6% in March on Higher Prices for Energy and Transportation Services, R.J.S, MarketWatch 666 The consumer price index rose 0.6% in March, the largest monthly increase since August 2012, as higher prices for fuel, utilities, transportation services, financial services, and used vehicles were only slightly offset by lower prices for clothing and for communication commodities…the Consumer Price Index Summary from the Bureau […]
It was a warm October evening, back in 1957, when we heard the news and began looking anew toward the night skies. The Union of Soviet Socialist Republics (USSR) had just launched a satellite that they called Sputnik into orbit; an event that changed the world forever. A whole new concept; actually, a couple, maybe […]
by New Deal democrat Weekly Indicators for April 5 – 9 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The big news continues to be a bifurcation between the currently unfolding Boom, fueled by the fire hose of monetary and fiscal stimulus, and the fallout in the long leading forecast based on […]
“US Trade Deficit Rises 4.8% in February to Record High,” Commenter R.J.S. at Marketwatch 666 Our trade deficit rose 4.8% February, as both our exports and imports decreased, but the value of our exports fell by almost three times as much as the value of our imports did….the Commerce Department report on our international trade in goods […]
Jobless claims: progress pauses, as a new surge in COVID in Michigan and the Northeast causes concern New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. As the number of those vaccinated continues to increase, I expect a big increase in renewed consumer and social […]
With a Booming economy comes at least transitory inflation: March producer prices One of the economic subjects you are going to hear a lot about this year is inflation. We are recovering from a sharp if brief recession, and with the dual firehoses of fiscal and monetary stimulus, entering a Boom such as we have […]
February JOLTS report showed a pandemic still in control Yesterday morning’s JOLTS report for February showed that the pandemic was still in control of the numbers.This report has only a 20 year history, and so includes only two prior recoveries. In those recoveries: first, layoffs declined second, hiring rose third, job openings rose and voluntary quits increased, […]
The Hippie Dog Whistle Work Ethic Silent-Majority Counter-Offensive Following up on my last post, I was searching for coverage of Ronald Reagan’s infamous “strapping young buck” comment from 1976 and found this wonderful commentary by Ian Haney López on Bill Moyers’s show. In his book, Dog Whistle Politics, López mentions the “work ethic” angle several times. The […]