Pulled from Comments Section. Fred Dobbs Commentary NY Times magazine – July 17 Pioneering Economist Says Our Obsession With Growth Must End, NYT, David Marchese Growth is the be-all and end-all of mainstream economic and political thinking. Without a continually rising G.D.P., we’re told, we risk social instability, declining standards of living and pretty much […]
June industrial production: second sharp monthly decline in manufacturing – by New Deal democrat Industrial production declined -0.2% in June, and May was revised downward to unchanged. Even worse, manufacturing production declined -0.5% in June, and May was revised downward to -0.5% as well: This corresponds to the sharp deterioration in the regional Fed new orders […]
Real retail sales decline again slightly – by New Deal democrat Nominal retail sales for the month of June rose 1.0%, and May was revised up by 0.2% from -0.3% to -0.1%. But since inflation was 1.3% in June and 1.0% in May, this makes the combined downturn in real retail sales -1.4% for the two […]
Just some ramblings of mine after looking at numbers. I do know Wisconsin, Michigan, and Pennsylvania voter politics are changing. They are slowly becoming Democratic. This shift reminds me of a recent analysis I came across about voter demographics and migration patterns — read more about how people moving to new states tend to bring […]
Weekly Indicators for July 11 – 15 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. We are at the point where I suspect that after the Q2 quarterly economic reports come out, and the Fed’s next meeting/rate hike, literally *all* of the long leading indicators will be […]
Just How Bad Is Biden’s Trip To Saudi Arabia?, Econospeak by Barkley Rosser Yes, I posted on this awhile ago, but at that time it was a maybe. Now he is in the air on his way, although, of course, to Israel and the West Bank first, where I have no complaint or comment much. […]
June industrial production: second sharp monthly decline in manufacturing – by New Deal democrat Industrial production declined -0.2% in June, and May was revised downward to unchanged. Even worse, manufacturing production declined -0.5% in June, and May was revised downward to -0.5% as well: This corresponds to the sharp deterioration in the regional Fed new orders […]
(Dan here…lifted from David Zetland’s One-Handed Economist newsletter are some interesting links on climate change…and we need to consider the US heat dome as well as Great Britain and European heat waves) Climate chaos (sorry for all the links, but shit’s getting out of control) Read: Researchers now estimate that humans cannot “tolerate” (=not die) wet-bulb […]
Jobless claims continue to trend higher, but no recession signal yet – by New Deal democrat Initial jobless claims rose 9,000 to 244,000 last week, a 7.5 month high. The 4 week average rose 3,250 to 235,750, a 7 month high. But the news wasn’t all negative, as continuing claims declined 41,000 to 1,331,000, which […]