What to watch most for in this Friday’s jobs report – by New Deal democrat After a two week drought, this week a plethora of economic stats get reported. Most importantly for my purposes that includes house prices, construction spending, the ISM manufacturing report, and of course on Friday nonfarm payrolls. Speaking of which, 3 […]
No More Noma Eating is a necessity and can be a great pleasure. It also has a symbolic dimension in every culture. In the long history of European civilization, going back at least to the Romans, it has been a form of status distinction, allowing the elites at the top to display their separation from […]
The 2nd that is. If there was ever anything that cried out for a cost-benefit analysis it is surely the more recent Supreme Court interpretations of our ‘Second Amendment Rights’. On The Benefit Side: The right to protect our family and selves at all times and in all places from all dangers both real and […]
Weekly Indicators for January 23 – 27 at Seeking Alpha – by New Deal democrat “Slowly I turn. Step by step . . .” That old Vaudeville bit comes to mind in watching the coincident indicators creep towards a recessionary downturn on a weekly basis. Also, some of the long leading indicators are also creeping […]
Politicians may have headed off their strike, but rail workers haven’t stopped organizing for paid sick leave, safe staffing, and time off. AFL-CIO Transportation Trades Department: “The American people should know that while this round of collective bargaining is over, the underlying issues facing the workforce and rail customers remain,” As take from: “Here’s How […]
Good news and bad news on personal income and spending – by New Deal democrat December personal income and spending had some material for both optimists and pessimists. Let’s look at the good news first, mainly having to do with inflation. Both the total and core personal consumption deflator continued their overall deceleration in December, […]
Q4 2022 GDP positive, but both long leading components continue negative – by New Deal democrat Here’s my last note for this morning. Real Q4 GDP came in at +0.7%, or +2.8% annualized. While this is lower than most quarters in the past several years, as shown below: Although not shown (due to the huge […]
Durable goods orders come in mixed; leaving only employment indicators as short term positives for the economy – by New Deal democrat Manufacturers’ durable goods orders, and in particular “core” orders, which exclude defense and transportation (a/k/a Boeing), are (albeit noisy) a short leading indicator. I normally don’t pay too much attention to them because […]
Jobless claims continue recent strong streak Programming note: I’ll put up separate posts on durable goods orders, real manufacturing and trade sales, and the Q4 GDP reports later. Initial jobless claims have been the best performing – and perhaps only positive – element of the short leading indicators in the past few months. And that […]
Three most quickly reported measures of coincident indicators – all of which are close to turning negative – by New Deal democrat While we await tomorrow morning’s deluge of Almost Every Economic Series Imaginable, I have posted over at Seeking Alpha a detailed look at one measure of consumer spending and two of employment which will give […]