House prices on track to go negative YoY by summer, despite monthly increase in February – by New Deal democrat House prices through February as measured by both the FHFA (gold in the graphs below) and Case Shiller (red) Indexes rose, the former by 0.5% (after a downwardly revised 0.1% in January), and the latter by […]
Income tax withholding payments stumble again – by New Deal democrat The important data this week will include new home sales tomorrow, Q1 GDP and initial jobless claims on Thursday, and most importantly of all (imo) real personal income and spending, along with real manufacturing and trade sales on Friday. In the meantime, today let […]
EVs and S&DCs: USPS says you can’t have one without the other, Save the Post Office, Steve Hutkins The Postal Service is using the very popular plan to buy electric vehicles (EVs) to justify its very unpopular plan to relocate carriers to Sorting & Delivery Centers (S&DCs). In press releases, news articles, and presentations to […]
Gooz News is another substack I have taken to reading. Like “Letters from an American,” it too is well written. Except Gooz News concentrates on healthcare a topic which I have interest in talking about. Being poor results in being exposed to many factors all of which impact your life and that of your family. […]
Weekly Indicators for April 17 – 21 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. There’s more *extremely* slow deterioration in some coincident indicators of recession, but at the same time, the downturn has been telegraphed for so long that some leading indicators are on the verge of […]
The economic tailwind from last autumn’s declining gas prices is probably over – by New Deal democrat On Wednesday I discussed how gas prices, with an assist from higher stock prices leading to stock options being cashed in, was the primary reason why the coincident indicators hadn’t rolled over yet. I wanted to explore that […]
Jobless claims continue to warrant yellow caution flag, while continuing claims shade closer to crimson – by New Deal democrat Initial claims (blue in the graph below) continued their recent track into recession caution territory this week, as they rose 5,000 to 245,000, 12.9% higher YoY and the 5th time in the last 7 weeks […]
Coincident indicators hold on, mainly due to improvement in gas prices YoY – by New Deal democrat I’ve been paying particular attention lately to the coincident indicators, because the leading indicators have telegraphed a recession for about half a year – so why isn’t it here yet??? A good representation of coincident indicators remaining positive […]
Intelligent Economist, Top 100 Economics Blogs of 2023, Prateek Agarwal Just a heads up . . . Angry Bear makes the list again in 2023. You will also find Econospeak, Naked Capitalism, One-Handed Economist, CEPR, Calculated Risk, Bonddad blog (New Deal democrat), Capital Ebbs and Flows are listed also. If I missed anyone, it is not […]
Since I pulled this article from Everytown, here is a bit of information about it. “We are the largest gun violence prevention organization in America. Made up of more than six million mayors, moms, teachers, survivors, gun owners, students, and everyday Americans who have come together to make their communities safer.” I am guessing there is […]