…a look at how this plays out on the other side of the coin, i.e., personal consumption expenditures, for goods and for services. “Real” PCE’s for goods have indeed declined…

…spikes, as imported goods, now subject to tariffs, hit shelves with higher price tags. American-made goods have also become more expensive to produce, as manufacturers pay more for foreign inputs;…

…down employment within the goods-producing sector into manufacturing, construction, and the more leading residential construction sub-sectors, in addition to the entire goods-producing sector (red), first in absolute terms with all…

…by producer durable goods, followed by consumer durable goods. So, the most recent report on motor vehicle sales is not very encouraging. I have stopped following the private manufacturer reports,…

…evidence that spending on durable turns down before spending on non-durable goods. This month both were abysmal, as the former metric turned down by -1.8%, and the latter by -0.3%:…

…– by New Deal democrat Still, one important area that private data did not cover well during the shutdown was orders and spending on durable goods, both for manufacturers and…

…at a 50.2% annual rate and accounted for roughly 70% of the decrease in durable goods….real consumption of nondurable goods by individuals grew at a 2.6% annual rate, essentially unrevised…

…in boosting GDP growth.[13] It is not only that GDP doesn’t distinguish between goods and bads. Systematic mismeasurement puts a premium on expanding the proportion of bads to goods. Over…

…suggests that the impact on manufacturing may be abating. If so, this is very good news. Durable goods orders: more deceleration, still no recession, Angry Bear by New Deal democrat…

…its PPF. It is difficult to abolish all inefficiencies, and some characterize institutional inefficiency as artificial scarcity. Goods (including services) that are scarce are called economic goods (or simply ‘goods’…