…spending has declined sharply – by -17.4% – since its peak in November 2020,  while “real” residential construction spending has declined -10.4% since its post-recession peak in January of last year,…

…peak, cases were only about 20% of their previous Omicron peak. Nationwide cases have tripled since their bottom 5 weeks ago, but deaths have only started to rise in the…

What Is The Worst Part Of The Current Inflation In the US we may have seen the peak of overall inflation, with the annualized CPI rate increasing at 8.3% in…

…“real” construction spending rose 0.4% m/m, and residential spending rose 1.1% m/m. In absolute terms, “real” construction spending has declined sharply – by -16.7% – since its peak in November…

…terms, “real” construction spending has declined by about 20% since its peak in November 2020,  while “real” residential construction spending has declined about 10% since its post-recession peak in January of…

…9.0%, the highest since 1981: YoY energy prices were up 41.5%, the highest since 1980: YoY prices less energy were up 6.6%, which is below the March peak of 6.8%,…

…than a 20% total decline from their January 2021 peak (red in the graph below); and starts declined -2.0%, tying their one year low at 14% below their peak in…

Coronavirus dashboard for July 22: the BA.4&5 wavette has (probably) peaked  – by New Deal democrat No economic news today, so let’s update the COVID situation. As of yesterday, nationwide…

…40% lower than the peak reading of 1.036 sales annualized in August 2020. This is absolutely recessionary, as is easily seen in the above graph. The median price of a…

…past month. Interest rates, especially mortgage rates, have declined (in the case of mortgages, by 1 full % from their peak. As many have pointed out, gas prices have fallen…