Relevant and even prescient commentary on news, politics and the economy.

September Durable Goods: New Orders Down 0.4%, Shipments Up 0.4%, Inventories Up 0.9%

Commenter and Blogger RJS at Marketwatch 666; “September Durable Goods: New Orders Down 0.4%, Shipments Up 0.4%, Inventories Up 0.9%“ September Advanced Report Durable Goods Manufacturer Shipments, Inventories, and Orders, US Census The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for September (pdf) from the Census Bureau reported that the value of the […]

September 2021 Income and Outlays Report

September Personal Income Fell 1.0%, Spending Rose 0.6%, PCE Price Index Up 0.3%; Savings Rate Lowest Since December 2019, Commenter and Blogger RJS, MarketWatch 666 Friday’s release of the September Income and Outlays report was concurrent with the GDP release on Thursday, and all the PCE data in the 3rd quarter GDP report we just covered actually […]

3rd Quarter GDP Grew at 2.0% as Real Final Sales of GDP Ticked Lower

Commenter and Blogger RJS, Marketwatch 666, 3rd Quarter GDP Grew at 2.0% Rate even as Real Final Sales of GDP Ticked Lower Our economy grew at a 2.0% rate in the 3rd quarter, quite a bit slower than the growth rate of the second quarter, as increasing consumer outlays for services, greater nonresidential fixed investment, […]

Retail Sales up .7%, July and August revised higher

Commenter and Blogger RJS at Market Watch 666 Retail Sales Increased by 0.7% in September after July and August Sales were Revised Higher Seasonally adjusted retail sales rose 0.7% in September after retail sales for July and August were revised higher . . . the Advance Retail Sales Report for September (pdf) from the Census Bureau estimated […]

Employers Added 194M jobs, U3 Down, PR Declined

Blogger RJS, Marketwatch 666, September jobs report September Summary Major agency reports released this past week included the the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August, and the August report on Wholesale Trade, Sales […]

Record High August Trade Deficit on Higher Imports of Pharma and Services

Commenter and Blogger RJS, MarketWatch 666, “Trade Deficit Rose 4.2% to a Record High in August on Higher Imports of Pharmaceuticals and Services” Our trade deficit rose by 4.2% in August as the value of both our exports and our imports increased, but the value of our imports increased by four times as much . […]

3rd quarter GDP Estimate: Personal Income, Outlays, Construction

August Personal Income up 0.2%; 2 Months PCE Would Subtract 0.07 Percentage Points from Q3 GDP, Blogger and Commenter RJS reports at MarketWatch 666 The August report Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go into 3rd quarter GDP, since it gives us 2 months of […]

Durable Goods: Orders Up 1.8%, Shipments Down 0.5%, Inventories Up 0.8%

Blogger RJS,@ Market Watch 666, “August Durable Goods: New Orders Up 1.8%, Shipments Down 0.5%, Inventories Up 0.8%“ The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for August (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods increased by $4.6 billion or 1.8 percent […]

New Housing Starts and Building Permits Rose in August

New Housing Starts and Building Permits Rose in August on Increased Apartment Construction, Commenter and Blogger RJS, MarketWatch 666 Microsoft Word – newresconst_auto_text_202108.docx (census.gov), The August report on New Residential Construction (pdf) from the Census Bureau indicated that their widely watched estimate of new housing units that were started during the month was at a seasonally adjusted […]

CPI Rose .3% on Prices for Food, Energy, New Vehicles

CPI Rose 0.3% in August on Higher Prices for Food, Energy, New Vehicles, Furniture and Appliances; Commenter and Blogger RJS at MarketWatch 666 Organization for Economic Co-operation and Development, Consumer Price Index: All Items for the United States [USACPIALLMINMEI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/USACPIALLMINMEI, September 19, 2021. The consumer price […]