…services index. I’ll examine the November JOLTS report separately. Recall that services are about 75% of the economy. Thus, even if goods production is contracting, their share of the economy…

…no longer increasing either. Together, this morning’s ISM and construction spending reports paint the picture of the goods producing sector of the economy that is not contracting but is also…

…Global Management. Fewer goods reaching American shores will mean higher prices on the goods that are in stores — as well as less work for dockworkers and truck drivers. “Significant”…

…Here’s the simple understanding to estimate US production from actual measured spending: Tally up US total spending on new final goods and services. FSDP. Subtract spending on goods and services…

…import so many agricultural products, and where are these goods coming from? In today’s Market Intel, we’ll address these questions. Import Origins In 2024, the U.S. imported $213 billion in…

…the graphs that were supplied by the Census Bureau, below: There is a distinct upward trend in goods prices (thank you, tariffs!), with a countervailing deceleration in service price inflation…

…Higher prices in September for nonfuel industrial supplies and materials and consumer goods more than offset lower prices for capital goods and foods, feeds, and beverages. Nonfuel import prices rose…

…services.  A good economy produces and ‘equitably distributes’ those requisite goods and services.​ Though we’ve long proven ourselves capable of producing the goods and services we need, for most of…

…what was promised. Cavallo also notes that tariffs can raise the prices of domestically-produced goods if those goods use imported inputs or compete with imports whose prices have risen. The…

…me begin with employment, which is “dead in the water.”  I’ve written before about how manufacturing and construction employment, and now the entire leading sector of goods-producing employment, is down….