Weekly Indicators for January 1 – 5 at Seeking Alpha – by New Deal democrat I forgot to post this over the weekend, so here it is now: my Weekly Indicators post up at Seeking Alpha. I’ll put a post up later taking a detailed look at some aspects of Friday’s employment report.
Asymptosis » Actually, Only Banks Print Money, Steve Roth I’m thinking this headline will raise some eyebrows in the MMT community. But it’s not really so radical. It’s just using the word money very carefully, as defined here. Starting with the big picture: You can compare the magnitude of these asset-creation mechanisms here. (Hint: cap gains rule.) The […]
I guess this is the latest installment in my soft landing series. However, it might also be a warning of terrible trouble in the fairly near future (next 5 years). It is certainly proof (if more were needed) that I am clueless. The topic is the US housing market. This is highly related to the […]
December jobs report: consistent with a “soft landing,” despite discordance in household data – by New Deal democrat My focus remains on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically: The news on all three was good. The six-month average of […]
Initial claims: the return of “almost nobody is getting laid off” – by New Deal democrat We’re back to the virtuous scenario where almost nobody is getting laid off. Initial jobless claims for the last week of December declined -18,000 to 202,000, the lowest since October. More importantly, the 4-week average declined -4,750 to 207,750, […]
This is Part 1 of 2 of an article by Andy Kiersz of Business Insider. Rather than smash it altogether, I thought splitting it into two likely parts would improve the presentation on Angry Bear. Part II can be found here. Gen Z, Millennials Should Stop Complaining About Baby Boomers, Economy, business insider, Andy Kiersz […]
ISM manufacturing index remains in contraction, and the trend in vehicle sales may have turned down as well The ISM manufacturing index, where any value below 50 indicates contraction, once again came in negative for both the total index, at 47.4, and the more leading new orders subindex, at 47.1. Both have been indicating contraction […]
Dollar eases as Fed minutes offer few clues on rate cuts timeline, MSN, Markets Today
New Year, same old labor market deceleration – by New Deal democrat This morning’s JOLTS report for November continued the same trend of labor market deceleration that we have seen since the blazing hot boom of 2021. Job openings declined -62,000 to 8.790 million, the lowest level since March 2021. Actual hires fell sharply, by […]
Introduction: Nice piece on how Americans are so tied to their gasoline powered cars, pickup trucks, etc. and the impact on cities and environment. What is key to this article and the author’s thought is this statement: “The obvious solution … lies only in a radical revision of our conception of what a city street […]