– by New Deal democrat There was no big economic news today, despite the report on durable goods, which declined -9.3% in June — after a 16.5% advance in May. Simply…

…impact. As the article points out when U.S. exports to the rest of the world are declining, U.S. imports of foreign goods tend to decline as well. The Issue: President…

…or a little before, real personal spending on goods. With that in mind, here is what real retail sales and real personal spending on goods look like for the last…

…Fed should as a matter of discipline differentiate between supply-driven inflation, especially of durable goods, vs. demand-driven inflation. That’s because, if there is a supply bottleneck, that bottleneck isn’t going…

…orders (blue) and consumer durable goods orders (red) both declined for the second month in a row. Meanwhile capital goods orders less defense and aircraft (gold) also declined slightly, and…

…durable goods orders for March were reported, which gives me a good opportunity to update the state of the maufacturing sector. Total durable goods orders rose 2.6% month over month….

…durable goods orders report for December. While the headline number (blue in the graph below) declined -1.4%, the three month average for this very volatile series made a new post-pandemic…

…Assets — the very real “depreciation” of those assets. Gross is long-lived goods produced; Net is long-lived goods added, above and beyond what’s “consumed.” Back to identities: Unlike every other…

…of what I misunderstood, and its strong support for less consumption, quality repairable goods, and a vibrant market in used goods. I recommend that you read it but more strongly…

…is to provide that society with the necessary goods and services. People have need and wants; thus there will always be a demand (needs + wants = demand) for goods…