Industrial production cools a bit; retail sales continue strong Both industrial production and retail sales for July were reported this morning. Let’s take a look at both. First, industrial production increased m/m to another all time high (gray in the graph below), as did manufacturing (red): At the same time, if you zoom in on […]
“The national landscape in 2018 tilts in favor of Republicans with Republicans sitting on 208 safe seats, 10 seats away from a majority, and 22 additional and not projected seats leaning Republican(too close to call).” It would take Democrats casting 55% of the votes in a national two-party election to tip the House majority the […]
Economic Policy Institute has published a new study on the surge in CEO compensation: Summary What this report finds: This report looks at trends in chief executive officer (CEO) compensation, using two different measures. The first measure includes stock options realized (in addition to salary, bonuses, restricted stock grants, and long-term incentive payouts). By this measure, […]
Is Aretha The Equal Of Michelangelo? In the Washington Post of August 17, Chris Richards declared that the performance by Aretha Franklin of the title cut on her 1972 gospel-soul album, “Amazing Grace” “deserves to be compared to everything Michelangelo ever painted.” Now I am not prepared to go that far, but when I learned […]
(Dan here…Lifted from Robert’s Stochastic Thoughts) Politico End Zone Dance The cover article of politico is a concession by Blake Hounshell that he was wrong and that I and many others were right. I enjoy a little end zone dance in comments The case is overwhelmingly convincing. Also none of the critical evidence is new. As […]
My extended take on housing permits and starts at Seeking Alpha – by New Deal democrat My long-form take on housing sales, updated with yesterday morning’s housing permits and starts report, is up at Seeking Alpha. Like my Weekly Indicators posts, I make a penny or two when you decide to read. So decide to read! Also […]
It’s called the Accountable Capitalism Act. Here’s the bill text. Yves Smith has a take on this…lots of talk in the news econ sections: Elizabeth Warren introduced her Accountable Capitalism Act in the Senate yesterday and set forth the logic of her bill in a Wall Street Journal op-ed. The Massachusetts senator described how as […]
1964 “Won’t Be Long” 1967 “Respect” “My Country Tis of Thee” A pgl request in comments Having Church . . . “Rock Steady,” A little “Soul Train” “Aretha Franklin, Queen of Soul, Dead at 76”
Kevin Hassett In Lie Lie Land I feel sorry for Kevin Hassett. Of course he made a complete fool of himself two decades ago with his book on Dow 36,000 (still some ways away) with James Glassman, but he has had a good amount of time to get over that embarrassment. When he was appointed CEA Chair […]