– by New Deal democrat Industrial and manufacturing production slid further in October, by -0.3% and -0.5% respectively. They are also down respectively -1.2% and -1.8% from their late 2022 highs: It’s a good thing I suppose that manufacturing is no longer such an important part of the American economy, because as the below graph of […]

And now, some good news: industrial and manufacturing production rebounded strongly in August  – by New Deal democrat In the past, industrial production has been the King of Coincident Indicators, since its peaks and troughs tended to coincide almost exactly with the onset and endings of recessions. That weighting has faded somewhat since the accession […]