…sense of humor and will add such to Angry Bear. Jazzbumpa is retired from a product development career in the auto industry. His education is in chemistry, but he did…

…difficult for the US economy to actually ENTER a contractionary phase right now, since the cyclical forces that normally drag the US into recession – inventories, auto sales, and housing…

…+2.1% in the first. Some of the drag to consumption will bounce back in the third quarter, as auto sales and the supply chain disruptions dissipate – durable goods decreased…

…actually seeing demand destruction, no one seems to recognize it. Yes, much of the May drop in auto sales was due to supply chain interruptions. But the bulk of the…

…growth may be lackluster on auto sales (H/T spencer) – durables consumption accounted for half of the quarterly growth rate in consumption (0.66% contribution to total GDP quarterly growth). Government…

…decreased 1.5 percent. Excluding defense, new orders decreased 3.6 percent. We know that the auto industrial production print was influenced by the supply chain disruptions stemming from the Japanese earthquake….

…but to slash education spending if voters didn’t extend sales, income and auto taxes in a June election. K-12 education had been protected in the $8.2 billion in cuts —…

…February experience was repeated. Also note that in March auto sales actually fell from 13.4 to 13.1 million(SAAR) — a 2.2% drop. In January the deflator for GAFO– department store…

…auto companies to rampant corruption. For almost 40 years corruption has been well known and wide spread. In recent years, the administration of former Mayor Kwame Kilpatrick made corruption so…

…real incomes. The weakness in average weekly earnings calls into question the sustainability of the recent rebound in real retail sales. In November, for example auto and light trucks sales…