Saturday, September 20, 2014

Weekly Indicators for September 15 -19 at XE.com

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  - by New Deal democrat My Weekly Indicators piece is  up at XE.com . At the beginning of this year, I forecast a deceleration of grow...
Friday, September 19, 2014

About recovery, the American people "get it"

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  - by New Deal democrat I wanted to pass this on, from Pew Research  via  Digby . Asked about whether the American economy is in a rec...
Thursday, September 18, 2014

August housing permits: apartments are still carrying the market

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  - by New Deal democrat I have a new post  up at XE.com  about this morning's housing report. Most of the analysis seems to be sli...

John Hinderaker: The Great Contrary Indicator

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On September 3, 2009, John Hinderaker at Powerline wrote the following: We’ll let it rest there: hyperinflation or default. One or the oth...
Wednesday, September 17, 2014

The loosening OIl choke collar is helping real wage growth

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  - by New Deal democrat I have a new post  up at XE.com .  Together with the trend of slowly rising wage growth, today's -0.2% CPI r...
Tuesday, September 16, 2014

John Hinderaker Can't Even Read A Graph

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Now we have the headline " Income Stagnation Under Democrats ." Hinderaker posts this graphic from the Census, claiming it shows...
Sunday, September 14, 2014

John Hinderaker's Economic Incompetence In One Venn Diagram

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Many thanks to both Economists View and Professor Krugman for linking to this piece.  If you'd like to read my more serious economic a...
Saturday, September 13, 2014

Weekly Indicators for September 8 - 12 at XE.com

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  - by New Deal democrat My Weekly Indicators post is  up at XE.com . Will the big decrease in interest rates this year give housing a ...
Thursday, September 11, 2014

Expect another upward revision of Q2 GDP: over 4.5%?

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  - by New Deal democrat You may remember 3 months ago when Q1 GDP was revised all the way down to -2.9%, from an initial report of +0.1%...

The Conundrumette

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 - by New Deal democrat I have a new post  up at XE.com . The unusual big divergence between stock returns (booming) vs. bond yields (f...
Wednesday, September 10, 2014

Why has job growth outperformed GDP growth?

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  - by New Deal democrat In mt last post , I politely took issue with Dean Baker's claim that August's mediocre jobs number was n...
Tuesday, September 9, 2014

Powerline Blog Issues No Response to My Request For a Comment On Their Longstanding And Incorrect Inflation Arguments

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Since the Federal Reserve engaged in QE, Powerline  blog has been one of many voices arguing inflation would result.  It hasn't: Bl...

In which I politely disagree with Dean Baker about the employment report

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 - by New Deal democrat Last Friday Dean Baker wrote that  Economists who understand economics didn't see the August Jobs Report as a...
Monday, September 8, 2014

Effects of age, the unemployment rate, and asset holdings on household income and welath

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  - by New Deal democrat Last Thursday the Federal Reserve came out with its  Report on Consumer Finances  for 2013.  This is the most in-...
Saturday, September 6, 2014

Weekly Indicators for September 1 - 5 at XE.com

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  - by New Deal democrat This week's post is  up at XE.com . Every now and then the nonfarm payrolls number just throws a spanner i...
Friday, September 5, 2014

A brief note about the Fed report on household wealth and income

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  - by New Deal democrat Yesterday the Fed released its report on 2013 household wealth and income.  The report only comes out once every...

August jobs report: Jobs hit a speed bump

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- by New Deal democrat HEADLINES : 142,000 jobs added to the economy U3 unemployment rate declined from 6.2% to 6.1% Wages and parti...
Thursday, September 4, 2014

No, Meteor Blades, household income does NOT measure the earnings of everyone in the household

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 - by New Deal democrat Real median income measures the INCOME  of everyone in the household. For example, if an 80 year old gets a pen...
Wednesday, September 3, 2014

This may be the month unemployment finally falls below 6%

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 - by New Deal democrat I have a new post  up at XE.com . As you probably remember from past posts of mine, the ratio of initial jobles...
Saturday, August 30, 2014

Weekly Indicators for August 25 - 29 at XE.com

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  - by New Deal democrat My Weekly Indicators post is  up at XE.com . This was one of the most universally positive weeks I have ever s...