Dow Theory says transportation and production of goods should move in tandem; what is its message now? – by New Deal democrat Partly because mid year data is now being completed, and partly to re-examine my forecasts, I’ve been conducting a top-to-bottom re-check of my metrics. One thing that seems very important is that, despite […]
Earlier this year, one company’s closing is adding to national pharmaceutical shortages and capacity in its bankruptcy. The closing can be construed as more than just allowing a laissez-faire economic policy. There are greater healthcare implications for the US. The nation can rescue banks, companies such as AIG, and those gambling with CDS, countering naked […]
Weekly Indicators for July 24 – 28 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. While there continues to be evidence of the normal progression of weakness from long leading to short leading to coincident indicators, there has also been an anomalous major positive resurgence in some […]
I guess one could get by on this salary if one were frugal, could find low-cost housing, maybe used public transportation, ate cheaply, etc. There is not much room for anything else. And yet people still manage to do it. As EPI details, Nineteen percent of workers (9.76 million workers) in 20 states are paid […]
The Price of Liberty is Eternal Vigilance – Through Critical Thinking, (substack.com, Kareem Abdul-Jabbar Not many people realize the Statue of Liberty has broken chains at her feet. Originally, the chains were going to be placed in her hand, but the tablet eventually replaced that idea. When the Statue’s unveiling celebration took place on October 28, 1886, […]
Driven by the hurricane force disinflationary tailwind, real personal spending and income, and real sales, all increase nicely – by New Deal democrat In the current economy the personal spending and income report is just as important as the jobs report. That’s because, despite the downturn in manufacturing production and many parts of the housing […]
The Fed’s Target Is Workers, Project Syndicate, James K. Galbraith, January 2022 A year and a half later and the Fed is still trying to slay the dragon. They stab it with their steely knives, But they just can’t kill the beast. So it seems, the Feds losing battle is with Labor, direct Labor is […]
Q2 GDP indicates continued good expansion now, but more storm clouds gathered ahead – by New Deal democrat Now let’s deal with this morning’s big news: real GDP improved at a perfectly respectable 0.6% over the first Quarter of this year: This works out to a 2.4% annualized rate. Although it continues the slowdown from […]
I suspect that at the end of July, just about every expert globally will be looking for reasons why July’s climate will potentially be the hottest month experienced since we started to keep records. The U.S. has broken more than 2,000 high temperature records in the past month. The United States is long overdue in […]
Continuing improvement in new jobless claims re-sets the clock – by New Deal democrat Let’s get the easy part of this morning’s slew of data out of the way first: initial jobless claims declined -7,000 to 221,000. The 4 week average declined -3,750 to 233,750. With a one week lag, continuing claims declined -50,000 to […]