This morning there is a slew of economic data, including personal indome and spending, jobless claims, durable and capital goods orders, revisions to GDP, and new home sales. Since tomorrow…

…least for a few more months, because the short leading indicator of durable goods new orders increased a whopping 7.9% in April alone, and the second biggest monthly gain since…

…to measures like durable goods, which are delayed one to several months. To recapitulate, since services are about 75% of the economy, they are 75% of the weighting, with the…

…dramatic than passing sweeping regulations. Yet history suggests that durable solutions often begin with effective processes. Throughout history, societies have frequently focused on policies while overlooking the institutions needed to…

…its zombie existence in the textbooks. Open your wallet again: Yes, you see things called dollars, but most likely you also see a piece of pallastic labeled Visa or Mastercard….

by Kenneth Thomas U.S. Trade Deficit Largely Due to “Intra-Firm” Trade The vast majority of the U.S. $727 billion trade deficit in goods for 2011 is due to “intra-firm” or…

…the major sectors, the largest decline occurred in capital goods; however, the trend in consumer and intermediate goods is worse than that of capital goods. The regional divergence is clear,…

…goods we now buy at Wal-Mart? It doesn’t change this story at all, because the lower price of imported goods is already reflected in the inflation rate we use to…

…purchases of real goods and services — things that are produced and consumed. Financial “goods” or “assets” — which aren’t/can’t be consumed by humans — aren’t even part of the…

…Say that in Year 1, U.S. GDP (IOW, Y) is $14 trillion. That’s the total dollars spent on real-world, newly-produced goods and services. This quantity is necessarily counted in dollars,…