Saturday, May 4, 2013

Weekly Indicators: May Day rebound edition

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 - by New Deal democrat The big news was the continuing expansion of employment in April, and the decline in the unemployment rate. Av...
Friday, May 3, 2013

Bonddad vacation pix and golden doodle

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. - by New Deal democrat In case you haven't noticed, Bonddad's posting has been light this week. For the very good reason that...

US GDP Overview: Income -- Or - We're Just Not Making Much Money Right Now

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One of the biggest problems with this expansion is the lack of meaningful income growth - which is to be expected with a higher rate of unem...

April employment: a good report with crappy leading internals

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- by New Deal democrat I dubbed last month's report "the best awful employment report I've ever seen." This month w...
Thursday, May 2, 2013

Auto sales lowest in 5 months

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- by New Deal democrat Last weekend I said that the two important data releases this week, in addition to tomorrow's jobs report, ...

US GDP Overview Pt II: Personal Spending -- We're Still Spending, Just Not As Much As Before

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Let's continue our look at the US economy by looking at personal spending. Overall, real personal consumption expenditures (PCEs) h...

Initial claims: 324,000

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- by New Deal democrat As you probably have already read elsewhere, initial claims fell to the lowest level since January 2008. T...
Wednesday, May 1, 2013

A note about average wages, median wages, and household income

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- by New Deal democrat Yesterday marked the quarterly release of the Employment Cost Index, which measured +0.3% in the first quarter ...

Sorry, Doomers, the stock market isn't divorced from reality

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. - by New Deal democrat Lately I've just been ignoring the Doomers. They've been so wrong for so long that it just isn't wo...
Tuesday, April 30, 2013

April gas price decline may lead to near 50 year lows in monthly, YoY inflation

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- by New Deal democrat Gas prices for the final week of April were reported yesterday, showing yet another $0.02 decline. For the mon...

Good news and bad news on personal saving

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- by New Deal democrat Yesterday's personal income and spending report is one of two data points in addition to the monthly jobs r...
Monday, April 29, 2013

Conservative Blogs Respond to the Reinhart and Rogoff Data Debacle

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As readers of this blog (and many others) are aware, one of the primary papers supporting the austerity argument has come under some very in...

US GDP Pt. I: An Overview

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It's been awhile since I looked in detail at the US economy.  As it so happens, over the last few weeks we've had both the most rece...
Sunday, April 28, 2013

A Note To Erika Johnsen of Hot Air -- Austerity is Dead

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Hot Air is one of the conservative blogs I read.  And while they're good at explaining conservative political opinions, they are absolut...
Saturday, April 27, 2013

Weekly Indicators: Railroad red flag edition

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 - by New Deal democrat In the rear view window, Q1 GDP was initially reported at +2.5% annualized. Once again, private growth was dep...
Friday, April 26, 2013

Democrats lose all leverage in Sequester negotiations

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. By New Deal democrat If you are one of our followers from progressive political blogs, I notice that the crucial point fron this artic...

Notes on GDP: Gandhi's quote works in reverse, too; PS -- Housing's Baaaaaaaack

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- by New Deal democrat It occurred to me during this past week that I hadn't bothered to check for any new iterations of their rec...

Austerity is Dead

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We've written a fair amount about the absolute, mind-numbing stupidity of austerity on this blog.  From the questionable intellectual un...
Thursday, April 25, 2013

Initial claims and spring seasonality: an update

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. - by New Deal democrat In 2011 and 2012, there appeared to be an unresolved spring seasonality in initial jobless claims. So far this ...

Market Analysis: the EU, Pt. II

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Earlier this week, Markit released their flash estimates of manufacturing activity.  Let's take a look at the readings, starting with th...