Housing: BOOM! Well, this is an easy post. This morning’s report (Wed.) on housing permits and starts showed new expansion highs in both overall permits and starts. The less volatile single family segment also recovered, with both single family permits and starts at one year highs, although slightly below their expansion peaks. Here are total […]
The Strike On Saudi Oil Facilities This is going to be a tentative post because there is much that remains unclear. What I am going to do is to make it clear that stories that are being told by US authorities and largely repeated by the MSM with little critical commentary is highly questionable. As […]
Industrial production rebounds; another message of slowdown, no recession Industrial Production is the King of Coincident Indicators. When industrial production peaks and troughs coincides more often than any other indicator to NBER’s recession dating. Let’s take a look at the report for August, which was pretty darn good, which was released this morning. Production as a […]
About the time I finished up my post on Biden, I get this article from Dan discussing how Biden is kissing the butts of drug companies to more-than-likely get campaign donations. Everyone else has been concentrating on individual (you know people of lesser means) donations and many candidates have refused to take corporate donations. Biden […]
by New Deal democrat Weekly Indicators for September 9 – 13 at Seeking Alpha I realized that I neglected to post a link to this Saturday’s Weekly Indicators post, which was up at Seeking Alpha. So here it is. The theme over the past few months has been that, despite worsening conditions in manufacturing, and almost […]
Dean Baker considers whether Trump’s group of supporters would be able to manipulate the bureacracies of the federal government to alter the economic outlook of the nation in a more expansive way than Larry Kudlow and others, but the data itself ( if that is even needed?) He says not likely, but how creative would […]
The other night, ten Democratic presidential, hopeful, nominees took stage and debated their plans for America’s future. There never was a mention beyond a few garbled words hastily thrown together about an issue which is plaguing many young voters ing to raise families and one which has surfaced in my community, the shortage of affordable […]
The use of drones against Saudi Arabian oil facilities changes the economic-market risk significantly. Until now the oil producers have done an excellent job of preventing terrorist attacks from disrupting oil supplies. But the use of drones significantly changes the risk of future oil disruptions. How do we prevent future drone attacks on the […]
August retail sales confirm healthy consumer sector Retail sales are one of my favorite indicators, because in real terms they can tell us so much about the present, near term forecast, and longer term forecast for the economy. This morning retail sales for August were reported up +0.4%, and July, which was already very good […]