…fell 2.7%. New orders for nondefense capital goods less aircraft, a proxy for equipment investment, were also down, falling by $252 million or 0.3% to $80,093 million… Over the same…

…cost of housing would be to divide by median household income, but since that is only officially calculated once a year, a good monthly proxy is average hourly wages, which…

…But there are two components of GDP which are helpful in finding out what lies ahead: real residential fixed investment (housing) and proprietors income (a proxy for business profits). Both…

…that I came of age near the end of the Vietnam War, a proxy war between the US and the USSR into which I very nearly was drafted. My quest…

…but since that is only officially calculated once a year, a good monthly proxy is average hourly wages, which is what I use below. All 4 measures are normed to…

…The news on the leading components of GDP was mixed.  Proprietors’ income, a proxy for corporate profits, which won’t be reported for another month, were up 1.5% (blue in the…

…abortions as possible occur.” The complicated issue of abortion had become a proxy for a way to denigrate the political opponents of the radicalizing Republican Party. Such threats turned out…

…to its belief in “Core Services Ex Housing PCE” as a suitable proxy for wage-caused inflation. We think there’s a lot more going on in that price aggregate, and the…

…a decent coincident proxy for the total jobs market. Almost everybody pays payroll taxes, and it stands to reason if wages and/or jobs growth stagnate, so will the taxes from…

…real retail sales. The latter is about 1/3rd of the actual measure of real business sales, and the former is a proxy for manufacturers and wholesalers sales (what it leaves…