Q2 2021 GDP: goodbye recession, hasta la vista recovery, hello expansion Nominal GDP before inflation increased 3.1%, while real GDP for the 2nd Quarter increased 1.6%. The real annual rate of growth was thus 6.5%. Real GDP is now 0.8% higher than its last quarter before the onset of the pandemic: The recession is over, as […]
Farmer – Economist Michael Smith talks crop prices, Will History Repeat Itself?, AG WEB Farm Journal, Jerry Gulke High crop prices, like much what is going on in the greater economy might be transitory. The author keeps up the tone that high prices in the silage department usually only last a few months. We are […]
Dan sent this article to me and I scan-read it as it is done in generalities. This not a criticism of the content as much as my pointing out it is done in brevity. The push is big for some form of Single Payer healthcare if one were to call it “insurance.” At some point […]
Housing sales decline, while price surges continue So I take a little one-day road trip on my vacation and come back to find much weeping and gnashing of teeth and generalized whining about a big decline in new home sales. Well, what exactly were they expecting? The new home sales data is particularly volatile and […]
RJS, MarketWatch 666, New Housing Starts Reported Higher in June, Building Permits 5.3% Lower The June report on New Residential Construction (pdf) from the Census Bureau estimated that new housing units were being started at a seasonally adjusted annual rate of 1,643,000 in June, which was 6.3 percent (±11.5 percent)* above the revised May estimated annual rate […]
Commenter and Blogger R.J.S. brings the latest on Natural Gas and the impact on it from the heat wave. Focus on Fracking blogspot Natural gas prices rose every day this week in surging to a new 31 month high, as yet another continental heat wave loomed…after ending last week unchanged at $3.674 per mmBTU as strong […]
Comments on existing home sale prices Existing home sales were reported yesterday. Since, although they are about 90% of the market, they have much less effect on the economy than new home sales, I normally don’t pay that much attention.But I did want to emerge from my vacation hideaway to make a few comments. 1. […]
I am adding a brief comment here (it fits and is on topic) rather than going back to the earlier post which I believe to be titled correctly; “Little Good can Come from Private Equity in the Healthcare Industry.” As my source of information I had identified two different articles taken from Modern Healthcare and […]
Farmer – Economist Michael Smith is discussing how people get into farming and the issues. There are three ways to get into faming, each with their own issues, pitfalls, and nuances. There are three distinct ways to get into farming and those paths are all not worn at all. After a few rainy and hot […]
DUC well report for June, Focus on Fracking, RJS Monday of this past week saw the release of the EIA’s Drilling Productivity Report for July, which includes the EIA’s June data for drilled but uncompleted (DUC) oil and gas wells in the 7 most productive shale regions….that data showed a decrease in uncompleted wells nationally for the 13th […]