Weekly Indicators for April 10 -14 at Seeking Alpha  – by New Deal democrat My ‘Weekly Indicators’ post is up at Seeking Alpha. The slow drip-drip-drip of deceleration generally continues. Perhaps most significantly, YoY consumer spending as measured by Redbook sank to a new post-pandemic lockdown low of only +1.5%. But other coincident indicators in particular, […]

The last few days, I have been pointing to the Opioid epidemic which did not just start with Fentanyl. It has been ongoing before the introduction of Qxycontin by the Sadler’s Purdue Pharmaceuticals. In 1996. It was advertised by Purdue as a nonaddictive drug by misquoting Doctors Jane Porter and Herschel Jick’s letter to NEJM […]

Real manufacturing and trade sales probably rose to a new record high in February; may have declined in March  – by New Deal democrat Real manufacturing and trade sales is one of the 4 monthly coincident indicators most monitored by the NBER to determine whether the economy is in expansion or recession. Because the reporting of […]

Positive revisions make for a good March industrial production report  – by New Deal democrat If retail sales for March were bad, industrial production (blue in the graph below) was at very least mixed to the upside. Total production increased +0.4%, and on top of that February was revised higher by +0.2%, and January was […]

Yes I am complaining about filing a tax return (I wonder how many people are blogging such complaints today). I am trying to e-file a return for [un-named relative X] who is a full time student with zero income and IRS anxiety. OK so we are silly as X is not required to file a […]

The other day I posted some charts covering drug addiction. in the US. The first Bar Chart below matches up with Figure 3 in that post “Drug Overdose Death Rates in the US,” Angry Bear. Today’s post as taken from the Senate Joint Economic Committee fleshes out the numbers cited there and also here in […]

March real retail sales lay an egg, suggests downturn in nonfarm payrolls by the end of summer  – by New Deal democrat  After a quiet early part of the week, today we get a deluge of data: retail sales and industrial production for March, and total business sales for February. Because real total business sales […]

Initial claims continue to warrant yellow caution flag  – by New Deal democrat Initial jobless claims last week rose 11,000 to 239,000. The more important 4 week average rose 2,250 to 240,000. Continuing claims, with a one week delay, decreased 13,000 to 1,823,000: At this juncture the YoY change is more important, because increases of […]

It was, maybe, the late eighties and I was at Oscar Mayer buying packaging for products such as Lunchables, hot dogs, bacon, etc. and the labels. This buy included the graphics. Management thought they were overwhelming me. Indeed, I was thriving having commandeered on OM Wiener mo-jet to visit suppliers in Minnesota and Massachusetts. I […]

Kip Sullivan has been comparing Fee for Service Medicare to Medicare Advantage and Commercial Healthcare Insurance at length calling out the failures of the latter. The results of such comparisons show FFS Medicare is far less costly in providing similar and better healthcare. Expanding Medicare to include all constituents as it is or in a […]