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

October Manufacturing (near record low) and Construction Decline

November manufacturing and October construction both decline, the former almost at recessionary levels  – by New Deal democrat As usual, we begin the new month’s data with the ISM manufacturing index. This index has a very long and reliable history. Going back almost 75 years, the new orders index has always fallen below 50 within 6 months […]

October CPI reports total inflation increases at a 3.5% annual rate

October CPI report: total inflation increasing at 3.5% annual rate, core inflation minus shelter increasing at 2.8% annual rate in the past 4 months  – by New Deal democrat For a full year now I’ve been hammering the fact that the official CPI measure of housing inflation, “owners’ equivalent rent,” seriously lags actual house prices as […]