Friday, June 17, 2011

Weekly Indicators: The energy choke collar loosens edition

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- by New Deal democrat That the cure for high prices, is high prices, was once again shown this week. Among the monthly data, there was a...

LEIs Increase .8

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From the Conference Board: The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.8 percent in May to 114.7 (2004 = 1...

Thoughts on the Slowdown

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As the posts from the Beige Book this week indicate (see these posts on consumer spending , manufacturing , services and lending to catch-...
Thursday, June 16, 2011

Friday Dollar Analysis

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Last week, I wrote the following about the dollar: While prices have rebounded into the EMAs, the increased volume since the latest bottom ...

Harbingers of the midyear stall

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- by New Deal democrat With the midyear economic stall (that I told you in January was going to happen) well and truly in the forefront of r...

Empire State Shows Contraction

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From the NY Fed: The Empire State Manufacturing Survey indicates that conditions for New York manufacturers deteriorated in June. The ge...

Al Qaeda chooses new leader

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- by New Deal democrat Terrorist group Al Qaeda's selection of former number 2 Ayman al-Zawahiri as its new leader was confirmed this mo...

Beige Book, Part IV: Lending

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Let's take a closer look at the banking/lending component of the Beige Book. Here is the macro-level summary: Most Districts described l...

Thursday Oil Market Analysis

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For the last month, oil has been in a trading range between roughly 96/98 and 104. I have continually commented that until oil makes a move...
Wednesday, June 15, 2011

The Washington Lobotomy Facotry Is A Central Problem

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For all of the talk about the economy, one of the real problems is Washington -- that is, the bickering between both parties as they argue o...

Beige Book, Part III: Services

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Let's continue looking at the information from the Beige Book by looking at service sector parts of the economy. Here is the macro-leve...

New aggregate Housing Tracker data tears down conventional wisdom

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- by New Deal democrat Yesterday provided some perfect examples of the conventional wisdom about the housing market - namely, that recent ...
Tuesday, June 14, 2011

Wednesday Commodity Round-Up

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Today, I simply wanted to highlight the grain sector. Recently, the USDA lowered its crop estimate for corn. In addition, weather patterns...

A Closer Look at Manufacturing

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The overall, national ISM number dropped hard last month. But this number has been printing strong numbers for over a year. Overall industr...

Beige Book Part II; Manufacturing

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Let's continue looking at the Beige Book with a closer look at manufacturing. Here is the national summation. Manufacturing activity wa...