CPI less shelter up only 0.7% in last 11 months (0.8% annualized rate) – by New Deal democrat Let me cut to the chase right from the outset: except for the very lagging measures of shelter; motor vehicle parts, repairs and insurance; and to a lesser and waning extent, food; consumer inflation is now well-contained […]
Having purchased healthcare, automotive, etc. components from various molding manufacturers, I can definitely testify to the amount of scrap created from each part. There is no way of avoiding the scrap left from a molded component. Much of this ends up in regrind and what ever is sorted may go into other uses. The story […]
Are personal consumption expenditures a helpful forecasting (or even nowcasting) metric? An overview – by New Deal democrat As I’ve noted a number of times recently, in addition to payrolls the other positive datapoint keeping the economy growing is real personal spending. Here is what it looks like in total, plus broken down by goods […]
I can not tell you I worked remotely. It was always required I be in the building governing the operations of the facility. One of those 7AM to 7PM positions which also entailed calls from the other side of the globe at night. And then a trip back to the facility. The fun part were […]
Niagara Falls: Some things never change, Carbon Upfront, Lloyd Alter. In 1882 Oscar Wilde noted that “Niagara will survive any criticism of mine. I must say this, however, that it is the first disappointment in the married life of many Americans who spend their honeymoon there.” (Calling it the second disappointment is a misquote) I recently […]
“This success can translate to a more transformative and permanent paradigm shift for US energy policy, but the DOE’s success paves a clear path to future successes.” The SPR strategy being, “how long can the US hold out against a hostile Middle East?” The Saudis appear to favor trump over other US politicians. Maybe appeasing […]
Real business sales estimate: up 0.3% in April, but still below January peak – by New Deal democrat Let me start today by re-upping this graph of the current state of the coincident indicators mentioned by the NBER as data that they track: As I wrote earlier this week, the two positives keeping the economy […]
Along with getting paid what you are worth is the story, you need a college degree in order to get paid more. That is kind of true if you complete higher education in a field which pays more. What if you do not pick the right field and you are burdened with debt? Your pay […]
Initial and continuing claims: yellow caution flag reinstated – by New Deal democrat Initial claims rose sharply last week, up 28,000 to 261,000 (an 18 month high). The 4 week average rose 7,500 to 237,250, still lower than its April peak. Continuing claims, with a one week delay, declined -37,000 to 1.757 million: When we […]
The End of Easy Money: Bankruptcy Filings Pile Up at Fastest Rate since 2010, Wolf Street, Wolf Richter. t’s turning into a banner year for corporate bankruptcy filings. Easy Money has caused all kinds of excesses, fueled by yield-chasing investors, in an environment where the Fed had repressed yields with all its might. Those yield-chasing […]