From the Los Angeles Times, November 30, 2001: “Enron, which had been a component of the S&P; 500, was removed at the end of trading Thursday and replaced by Nvidia Corp., a Santa Clara, Calif.-based maker of computer-graphics chips. As index funds sold Enron and bought Nvidia, Nvidia jumped $2.25 to $53.61 on Nasdaq.” Blowout […]
– by New Deal democrat Although the government shutdown is over, most data points – including all having to do with housing – have not been updated, which means that alternate data sources, including the NAR’s existing home sales report, have temporarily become our best look at the housing market. As per my context all this […]
This is a good take by KFF on Healthcare Insurance in the United States. It is a bit long; but, it is worth spending a few minutes to read. It can be a very good reference for understanding what is taking place in the United States for healthcare. The cost of healthcare is increasing which […]
When do the adults take control and establish a normal order for the government and the public. Tru_p is becoming like lose cannon board ship. With each wave of public announcement, he is crashing from side to side causing more damage with his threatening verbal attacks. The rest of the world must be laughing at […]
– by New Deal democrat First things first: the jobs data we received this morning, like the official data reported earlier this week, is “stale news.” The period canvassed giving rise to this data was over two months ago. As such, aside from the fuller texture which it provides to us, the most important question is […]
More likely than not, buying at WalMart indicates such because the costs are less. Even now when prices are up, WalMart may still be the place to shop. People may be buying off brands and poorer cuts of meat, Spaghetti may be on the menu more often. “Walmart Q3 earnings show a distressed American consumer,” […]
– by New Deal democrat While this morning’s much delayed September jobs report was the big news of the day, the DoL did resume their normal weekly reporting of unemployment claims, so let me in turn resume my normal weekly note of them. Initial claims declined -8,000 to 220,000 while the four week moving average […]
Short answer: yeah. The long answer is . . . longer. – by Steve Roth Originally posted at Wealth Economics There are a lot of pathways and mechanisms in the US and worldwide that deliver wealth to assetholders, and that have perennially concentrated that wealth (hence power) into the hands of dynasties over millennia — notably over […]
– by New Deal democrat There was no new official data reported this morning, including the normal monthly report on housing permits, starts, and construction. Yesterday the Department of Labor did partially update several weeks of jobless claims data, which helps us estimate what might happen with the unemployment rate when the September jobs report is […]
As with yesterday, the good news is that important official economic data is being reported again. The bad news is that it is very stale, as in covering last August. – by New Deal democrat Still, one important area that private data did not cover well during the shutdown was orders and spending on durable goods, […]