The deluge of data resumes tomorrow with housing permits and starts, industrial production, and durable goods orders. In the meantime, let me make a few “big picture” observations of the economy, and in particular, the short and longer term trends in inflation and interest rates. – by New Deal democrat 1. Short term inflation A very […]
– by New Deal democrat Unresolved post-pandemic seasonality likely continues to rear its head. This is a probable explanation for yesterday’s strong monthly gain in employment, and it appears to be behind the trend in this morning’s jobless claims report as well. Later this morning as promised yesterday I will discuss at some length the nature […]
– by New Deal democrat Real retail sales, one of my favorite broad-economy indicators, was updated through December this morning — still stale by one month, as under normal circumstances January’s numbers would have been released this week. Still, with consumer spending being about 70% of the entire economy, this is one of the most […]
– by New Deal democrat There’s no significant economic news until Wednsday’s jobs report, as to which Scott Bessent gave an interview this morning on CNBC which amounted to, “Don’t Panic!!!” Which I am sure inspires confidence in everybody (I’ve been expecting downward revisions to much of last year as part of the annual benchmarking, so […]
Affordability has always been an issue. Mostly or at least, (I believe) it gets down to the matter of monthly payments which come from the mortgage cost, property tax, utilities, etc. You would think by now, there would be a better way to promote housing costs for first time buyers. Most of them can not […]
Joel and I went through some articles in our email boxes(?) and thought they may make good reads for a Sunday. Too much to post on Angry Bear. Maybe Sunday reads. Comment section is open for any thoughts you may have related to a particular article (please mention which one). You can use this as […]
Some court cases at the SCOTUS level which have had decisions made or are still progressing. I believe you have heard of all of them at one time or another. Not terribly long reads (a couple of paragraphs . . . if that much). “SCOTUStoday for Thursday, February 5, SCOTUSblog.” Brief reads (partials) as taken […]
– by New Deal democrat The December JOLTS report that was delayed from Tuesday is scheduled to be released later this morning. I may cover it today, or may delay until tomorrow, since there won’t be a jobs report. In the meantime, let’s take our weekly look at jobless claims which, to reiterate, are a […]
– by New Deal democrat This morning, we were supposed to get an actual, on-time JOLTS report for December. But with Pastor Mike Johnson having done what he does best, i.e., keeping the House of Representatives out of session while critical deadlines pass, the BLS announced yesterday that several reports, including both Friday’s jobs report for […]