- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
This week I quantified the difference between commodity prices in the US$ vs. a basket of all other currencies. Perhaps unsurprisingly, the upward pressure on commodity prices appears to be all, or almost all, about weakness in the US$.
Additionally, one thing I always mention in these articles is that high frequency data will tell you about a change in direction long before you get confirmation from monthly reports. In this case, the regional Fed manufacturing indexes are showing surprising strength - food for thought.
As usual, clicking over and reading will bring you up to the virtual moment as to the state of the economy, and reward me a little bit for my efforts obtaining, collating, and categorizing the data for you.
