– by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. For the first time since I started tracking this data, literally every single one of the coincident indicators is positive. We are starting to experience a boom in economic growth that I expect to continue throughout most if not all of this […]
Commenter RJS at MARKETWATCH 666 February Durable Goods: New Orders Down 1.1%, Shipments Down 3.5%, Inventories Up 0.7% The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for February (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods decreased by $2.9 billion or 1.1 percent […]
Utopian Socialism Brings About Toilet Paper Shortages Maybe In The Near Future Yeah, to heck with “socialism” in any of its forms, even old varieties that Marx and Engels denounced, neologizing the label “utopian socialism” for its advocates, even as they made clear their respect for the intentions at least of their intentions, even as […]
February personal income and spending decline: the back end of January stimulus payments Last month I wrote that the: “report on January personal income and spending shows just how important the stimulus packages enacted by the federal government both last spring and last month have been to sustaining the economy.” The truth of that was […]
Virginia Ends The Death Penalty Yesterday (or maybe the day before), Virginia Governor Ralph Northam overturned over 400 years of a death penalty. My state had the highest number of executions of any other, 1390, over those 400+ years. And now it is done. Good. “Lawmakers in the Democratic-controlled House of Delegates and state Senate passed […]
February personal income and spending decline: the back end of January stimulus payments by New Deal democrat Last month I wrote that the: “report on January personal income and spending shows just how important the stimulus packages enacted by the federal government both last spring and last month have been to sustaining the economy.” The […]
It is undecided yet, as to whether a newly assembled Board of Governors would jointly act under the leadership of Ron Bloom, a Democrat and former Obama administration appointee, to dismiss PMG Louis DeJoy. President Biden has appointed three additional members to the Board including; – Ron Stroman, formerly the deputy postmaster general (resigned); – […]
Jobless claims make new pandemic lows at last New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. They are going to tell us whether, as the number of those vaccinated continues to increase, there will be a veritable surge in renewed commercial and social activities […]
Seconding Paul Krugman: inflationary pressures will be a transient phenomenon in 2021 (but will they cause a recession in 2022?) – by New Deal democrat Paul Krugman argues once’s again this morning that any increase in inflation this year as part of a post-pandemic boom will be transitory: I agree. I want to elaborate on one […]
Economic data and coronavirus quick hits I really need to rouse myself to write a long-form piece on interest rates, housing, and the economy to post over at Seeking Alpha. Ugh! In the meantime, here are a few quick hits on some important or noteworthy new data. 1. New home sales – interest rates bite, […]