Some light reading. I subscribe to it (The Atlantic) and have done so since the Civil War for a decade. Thought I would post one from The Atlantic’s News Letter (I think). Just an interesting read about something they discovered happening or maybe not-happening. People locked into something they do not like, have to stay, […]
I was looking for a report through 2022 on housing. This was the best I could do. Maybe later? The report is about households with or without SS beneficiaries who are renting, homeowners with mortgages, and homeowners without mortgages. The study is looking at the cost impact in each category for those households with SS […]
Scenes from the jobs report 2: the unemployment rate and consumption: weak, but not recessionary – by New Deal democrat Yesterday I looked at some employment metrics from Friday’s jobs report. Today let’s look at un- (and under-) employment. Every Thursday I repeat the mantra that jobless claims lead the unemployment rate. Here are both […]
Scenes from the leading sectors of the December jobs report: sectors of weakness and strength – by New Deal democrat For nearly two decades, my focus on economic reporting online has been finding and examining leading indicators; those datapoints that tell us where the economy in general, and in particular jobs and income for ordinary […]
Part Two of Being grateful for one big thing Baby Boomers did. Part I can be found here as written by Andy Kiersz. Gen Z, Millennials Should Stop Complaining About Baby Boomers, Economy, business insider, Andy Kiersz Excellent Charting done by the author Andy Kiersz. Detail taken from the Census Bureau, BLS, Penn World Tables, Federal […]
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, […]