…a proxy for the economy. And it is a time honored tradition for politicians to claim credit for economic gain in convoluted story telling: (I could not find the attribution…

…output and gross profits for a net gain. Once again the JOLTS data gives us a good proxy. If wage growth is increasing at a “normal” rate compared with previous…

…reliable proxy) have continued to weaken, and there has been accumulating evidence in the monthly and even weekly reports that the important component of housing is at best very weakly…

…what we know: The first two weeks of earnings reports from the S&P 500 show earnings up quarter over quarter. This is a pretty decent proxy for corporate profits and…

…the three year trailing growth in the CPI as a proxy for inflation expectations. A year ago that measure was starting to accelerate, but now it appears to be flattening…

…but it *is* on par with the producer-led 2000-01 period.     – Proprietors income (a proxy for the more reliable corporate profits, which won’t be released until next month)…

…rate of change increased from 3.5% to 3.8%. Although median household income is the best measure, since it is not available m/m from government sources, as a proxy the below…

…temporary proxy. Let’s look at each in turn. Real private residential fixed investment decreased by over 10% q/q. Real GDP decreased a little less than 10%: Thus real private fixed…

Industrial production continues strong growth If real retail sales (reported on in the prior post) is the best proxy for the health of the consumer, Industrial production, the King of…

…excluding just new orders for defense equipment, new orders fell  0.7%….meanwhile, new orders for nondefense capital goods less aircraft, a proxy for equipment investment, were also weak, falling by $563…