…transport not just finished goods to consumers but also lots of heavy raw materials and components to your factories. For example, making EV batteries in the U.S. requires making synthetic…

…the collapse. In a nutshell, it was caused by the sudden postponement of purchases, especially of durable consumer and investment goods. Trade fell far more than GDP, since the demand…

…news about drops in orders for both durable and non-durable goods means is that there’s likely more bad unemployment news to come. Both pieces of news combine to make an…

This is Bad Economic News Factory orders fall 1.5% in February; Manufacturing sector remains sluggish as factories hold out for further developments in Iraq war. Quoting: Orders for durable goods…

…fraction of them are rich, but there aren’t all that many of them).   I will hint at a model with three sectors non-durable goods, houses, and financial assets. Note…

…-24% (since nominal interest rates are almost exactly zero). Japanese consumers had a huge incentive to buy anything which didn’t rot in March. Some goods are quite durable (OK my…

…for manufacturing while the bottom two charts break the data down into durable and non-durable subsets. All three charts tell the same story: capacity utilization is at low historical levels….

…it has been durable over time. My purpose in this post is show that, even if these percentages hold in this year’s midterms, the electorate is going to skew considerably…

…forced to abandon tabulating these resource-gulping, waste-belching machinations as goods or services. Whether by accident or design, when decoupled from the pump and dump of surplus-value cost-shifting, GDP will decline…

…wanted to add a postscript to yesterday’s post about the Democrats’ problem obtaining a durable electoral majority. It occurred to me after I put up yesterday’s piece is that the…