– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. All of the high frequency data that I gather in those posts comes from the Fed or its regional banks, the States, or private firms. That means it is almost completely unaffected by the federal government shutdown, and can be continually updated for […]
High Income is still going gang busters. Lower Income is giving up the ground they gained early on. “The Two-Speed Economy Is Back as Low-Income Americans Give Up Gains” There was always two labor economies in the U.S. Right now, what favored Low Income Earners has less an impact. Both high and low income earners […]
– by New Deal democrat As we all know by now, there is no US jobs report today due to the government shutdown. But there are a number of alternative measures which can give us a good estimate of what the jobs situation is. Let me start first with the unemployment rate. Here is an […]
“ADP also revised the August jobs number down, saying that the private sector lost 3,000 jobs that month. Ultimately, that means the private sector has lost jobs in three out of the last four months, per ADP estimates. “What’s more, since the start of April, when Trump first announced his moronic “Liberation Day” tariffs, the […]
It has been a while since Angry Bear has posted one of Sandwichman’s piece. I have a similar ideology as Sandwichman has when it comes to manufacturing, etc. My approach is in the plants or in the actual supply chain. This is an interesting piece about academic issues. “Artificial intelligence creates more academic dishonesty than […]
– by New Deal democrat Oddly, even though the government shutdown has crippled most reporting, the Census Bureau did update the durable goods report for August today, and it does reveal an essential bifurcation in the state of the economy. First, here are the topline leading indicators: total durable goods orders (blue), core capital goods orders […]
– by New Deal democrat It’s Thursday, which typically means it’s time for the weekly initial and continuing jobless claims update. As we all know, the Federal government has shut down, because there is no budget for this fiscal year that began yesterday. BUT, I went back and checked, and during the extended government shutdown in […]
Oops my mistake. There is no sanity to student loans lasting a lifetime. Not when every other loan people have, get in trouble with, is forgiven through bankruptcy. It does not matter when or what they do is stupid, miscalculated, abused, spent unnecessarily, etc. The loans are forgiven. The only difference here is a student […]
Explaining why this shutdown is not a normal shutdown. Has there ever been a normal shutdown as caused by Congress? Why this is not a normal government shutdown, Robert Reich The United States government has shut down. But in reality, it has been shut down ever since Trump took office the second time. For over […]
– by New Deal democrat Typically the new month begins with important manufacturing and construction reports; but this morning the construction spending report for August became the first casualty of the government shutdown. The ISM manufacturing report has been a recognized leading indicator for the past 60+ years, although of diminished importance since the turn of […]