Relevant and even prescient commentary on news, politics and the economy.

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Expanding Production, Expanding Capacity

Now that Blogger is letting me post again… This morning the Fed released data on industrial production – production in the manufacturing, mining, and utilities sectors of the economy –…

Inflation Data

This morning’s release of consumer price inflation data for February by the BLS indicates that, for yet another month at least, any inflation pressures caused by last year’s sharp rise…

House Prices in 2005

The House Price Index was just released this morning with the data on house prices in the US for all of 2005. The press release discusses its results for the…

Personal Income and Spending

There’s a new data release out this morning on personal income and spending. The highlights: Personal income increased $75.2 billion, or 0.7 percent, and disposable personal income (DPI) increased $50.2…

Inflation Report

Yesterday’s CPI release showed that inflation continues to gallop ahead at a rather high rate, though once again, most of the rise was attributable to higher energy prices. Marketwatch offers…

Consumption: Full Steam Ahead

The American consumer has not yet showed any sign of slowing down, despite higher interest rates and slower house price appreciation. Today’s release of January retail sales by Census reported…

Dramatic Slowdown in GDP Growth

The BEA has just released its first estimate of economic growth for the fourth quarter of 2005. It was dramatically lower than most people were predicting. The consensus estimate was…

Did Someone Say Spending Restraint?

…House has summoned reporters well ahead of the official budget release to project a higher-than-anticipated deficit. In the past two years, when final deficit figures have come in at record…