Industrial production heats up in July If the news in the housing sector this morning was bad, the news from the King of Coincident Indicators, industrial production, was quite good. Total production rose 0.6% to a new all-time high. Manufacturing production rose 0.7%, and is below its April peak by only -0.1%: Barring downward revisions, […]
This is a 100% copy and paste as taken from Steve Schmidt’s Substack “The Warning. “Friday reflections: ‘Letter to an American’” (substack.com) I thought you might enjoy a good read. Certain versions I have access to which I am allowed to share. ~~~~~~~~ I read this letter for the first time in the museum behind Utah Beach. […]
I haven’t heard much recently about the horrors of cancel culture or efforts to teach critical race theory to 5 year olds, or about the latest trans panic or “don’t say gay” law, or about defund the police or abolish ICE. Maybe it’s just me. But there are reasons to suspect it’s real, and that […]
climate and the environment edition This week, a number of articles in My In-Box were about climate and the environment. Seeking Alpha was featuring Michael Smith’s “The Future of Farming,” on their site. Recognizing AB authors is not unusual. Climate and Environment “The U.S. could see a new ‘extreme heat belt’ by 2053” (nbcnews.com), Denise […]
I (run75441) saw this article on MSN early (AZ time) this morning and sent it off to Dale. For those of you who may not have been around. Dale Coberly, Bruce Webb and Arne would discuss Social Security and how to save it. You also may not know it; Dale and Bruce proposed the Northwest […]
Housing permits, starts, and units under construction telegraph a deeper economic decline ahead Housing had another negative month in July. Permits (gold in the graph below) declined -1.3% to 1.674 units annualized, an 8 month low. Single family permits (red, right scale) declined -4.3% to 928,000 units annualized, the lowest since January 2020 except for […]
Housing affordability: at or near the worst this Millennium The NAR calculates a monthly “housing affordability index,” which estimates the median mortgage payment for the median priced existing home based on an estimate of median household income. For June that came in at 98.5: Not only has affordability deteriorated sharply this year, but the June […]
Angry Bear Michael Smith’s post The Future of Farming reminded me that food and water supply issues need regular updates and highlighting. This report caught my eye since we here in Boston are experiencing very dry conditions with hot day temps. The U.S. could see a new ‘extreme heat belt’ by 2053: The report, released […]
Reactors in France had to reduce power because of low flow in the rivers being used for cooling. The pictures show Lake Garda in Italy at record lows. The Rhine is becoming too low for barge traffic, for cruise ships. In Rome, the River Po is low. The Mediterranean is too warm. And when you’ve […]