– by New Deal democrat On Friday I noted that real personal spending on goods, especially durable goods, had declined in September. If we have reached a tipping point on that metric, a recession in the near future looks much more likely, even as spending on services continues. Late last week we also got further evidence […]

No. No matter how serious the issue, the crime, the anger, the attack, etc.; you do not get to murder people. It is that simple. Apparently, others have a different understanding of what you can do. The results of an investigation will be heavily skewed. Hopefully a couple of people I know who read here, […]

 – by New Deal democrat The good news is, we are back to the normal weekly jobless claims releases. The really good news is that this week’s number, except for one week in 2022, was a new 50 year low! The bad news is that Holiday seasonality is very much in play, so take the good […]

 – by New Deal democrat Although not published by the federal government itself, the Fed’s measure of industrial production relies on some federal data, and thus it was not updated during the government shutdown – which means that this morning’s update is likewise stale, being for September. Industrial production has been much less central to the […]