– by New Deal democrat The Bonddad Blog Industrial production, one of the premier series the NBER has historically used to declare recessions vs. expansions, has faded in importance since China was admitted to regular trading status in 1999. As you can see in the first graph below, both total and manufacturing production peaked in […]

Dow Theory says transportation and production of goods should move in tandem; what is its message now?  – by New Deal democrat Partly because mid year data is now being completed, and partly to re-examine my forecasts, I’ve been conducting a top-to-bottom re-check of my metrics. One thing that seems very important is that, despite […]

The production side of the economy remained solid in March Industrial production, the King of Coincident Indicators, increased in March by 0.9%. February was also revised higher by 0.4%, but January was revised lower by the same percentage, for a wash. Manufacturing production also increased 0.9%. Total production thus made another new record high, while […]

Production, layoffs, housing hit the positive trifecta in November, New Deal democrat We got a blizzard of November and December data this morning across all three – coincident, short leading, and long leading – timeframes: industrial production, jobless claims, and housing permits and starts. All three were positive. Let’s start with the King of Coincident […]

The producer portion of the economy continues to do well First, a little blogging note. This week is light on data. House prices tomorrow, jobless claims Thursday, then a bunch of month end/beginning data on Friday. In other words, don’t be surprised if I take a day off. This morning the report on durable goods […]

Stormy, Movie Guy, and Dan Becker in 2009 have been writing about trade imbalances and consequences since 2006. An excerpt from one of Dan’s posts: I have written at AB that my thoughts about when the flash point was for our change to a focus on making money from money was the first Reagan election. […]

 Yves Smith points to a MIT study on how much bigger the conversation should be than the political arguments of offshoring and outsourcing suggest.  And the complexities of applying ‘just in time’ sorts of global production systems through a complicated supply chain. From that post is this excerpt: And a new report by MIT on innovation […]

rdan Sandwichman, the go to guy on labor issues and author of the series Chapman, Labor, and Unemployment at Econospeak suggests an alternative to the myth of supremacy of capital, which is after all an idea that reminds me of King Midas in our little child version, but in the adult world has several versions […]

Now that Blogger is letting me post again… This morning the Fed released data on industrial production – production in the manufacturing, mining, and utilities sectors of the economy – as well as capacity utilization in the US. From the press release: Industrial production increased 0.7 percent in February after a decrease of 0.3 percent […]