– by New Deal democrat [Special programming note: Today we begin the second half of the year. On Friday there will be no data due to the federal holiday. Since I haven’t updated my overall nowcast and forecast for the economy, as well as how average Americans are doing economically, I plan to do so then. […]
Trump refused to sign a housing bill passed by bipartisan veto-proof majorities. But if he refuses to sign it and refuses to veto it, it becomes law. “Speaker Mike Johnson says the landmark housing affordability package Congress passed earlier this month will become law — and that Republicans won’t have to take an uncomfortable vote […]
– by New Deal democrat Besides affordability being of great importance for potential homebuyers, housing also forms about 1/3rd of the entire CPI. House prices are not a component of the CPI, but historically their trend has led the official component, “Owners’ Equivalent Rent,” by about 12 to 18 months. And for about the last […]
– by New Deal democrat Several weeks ago, I wrote that “after 20 years, I think it’s time to examine whether the broad range of long leading indicators hold up.” This was primarily because, while when they have been positive the economy has followed suit 12 to 24 months later, several times they have been […]
Tweedle-di and Tweedle-Dum (Oz and Kennedy) believe you do and of course they will say illegals were applying for ACA healthcare insurance in the past. (All lies and jest, but a man is what he wants to be and disregards the rest.) Oops. slipped back to the past in my Wayback Machine mind. Trump believes […]
Ford increasingly relied on AI-driven inspection systems to streamline production and address quality control issues. How’d that work out? “Ford has admitted to rehiring hundreds of human workers after its aggressive AI adoption strategy backfired. “The US automaker hired over 350 veteran engineers, referred to internally as “gray beards”, over the past three years in […]
Unsurprisingly, the most significant high frequency indicator of the week was the 10% YoY increase in consumer spending as measured by Redbook. Despite all of the chaos and own-goals emanating out of Washington, the economy is incredibly resilient. II continue to worry that nearly the only driving force is what looks like a Bubble in […]
Yes Social Security is running out of funds. It is expected that by 2032 there will be a shortfall. I am not sure why they have to cut Social Security if it is shy funds from actual input by workers. There are solutions to the shortfall. The other side of it is to do nothing […]
– by New Deal democrat Yesterday we saw a slew of data releases, including durable and core capital goods orders, jobless claims, personal income and spending, and motor vehicle sales. I reported on all but personal spending and motor vehicle sales yesterday. Today let’s take a look at the last two. Let me start with the […]
– by New Deal democrat This morning a plethora of economic data was released, including personal spending and income, manuacturers’ new orders, motor vehicle sales, and jobless claims. Since tomorrow sees no significant data releases, I’m going to hold the in-depth look at spending and motor vehicle sales until tomorrow, and update the other releases today. […]