Tuesday, September 28, 2021

House prices continue to surge. But maybe . . .

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   - by New Deal democrat Both the FHFA and Case-Shiller house price indexes for July were released this morning. Both showed a continued s...
Monday, September 27, 2021

The producer portion of the economy continues to do well

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    - by New Deal democrat First, a little blogging note. This week is light on data. House prices tomorrow, jobless claims Thursday, then a...
Saturday, September 25, 2021

Weekly Indicators for September 20 - 24 at Seeking Alpha

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   - by New Deal democrat My Weekly Indicators post is up at Seeking Alpha . With Delta definitely receding, it appears it had no meaningfu...
Friday, September 24, 2021

New home sales continue rebound in August, as price increases continue slight deceleration

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    - by New Deal democrat Housing is a long leading sector of the economy, and new home sales, while very noisy and heavily revised, tend t...
Thursday, September 23, 2021

Jobless claims hold steady, as the Delta wave continues to roll out

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   - by New Deal democrat Every day brings a bit more evidence in support of the forecast that the Delta wave is rolling out, at roughly the...
Wednesday, September 22, 2021

Coronavirus dashboard for September 22: the Delta wave rolls out?

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   - by New Deal democrat At last it appears that the Delta wave may be receding, as for now the US is on a definite downslope in cases. As ...
Tuesday, September 21, 2021

August housing construction shows stabilization, following interest rate moderation

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   - by New Deal democrat This morning’s report on August housing permits and starts shows that the stabilizing of mortgage rates in the pas...
Monday, September 20, 2021

Median household income and housing affordability

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   - by New Deal democrat Let’s take a look at the affordability (or not!) of housing, since there is no economic news of note today. Last w...
Saturday, September 18, 2021

Weekly Indicators for September 13 - 17 at Seeking Alpha

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   - by New Deal democrat My Weekly Indicators post is up at Seeking Alpha . Despite the fact that Delta has been almost as bad as last wint...
Friday, September 17, 2021

August retail sales rebound slightly, argue for continued strong jobs growth in autumn

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   - by New Deal democrat Let’s take a look at retail sales, which are perhaps my favorite monthly economic indicator, since they tell us so...
Thursday, September 16, 2021

Jobless claims continue in normal mid-cycle range

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   - by New Deal democrat Last week I encouraged readers to take the very low jobless claims number with a grain of salt due to Labor Day a...
Wednesday, September 15, 2021

Industrial production now exceeds pre-pandemic level

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   - by New Deal democrat Industrial production, the King of Coincident Indicators, was reported this morning for August, and was positive i...
Tuesday, September 14, 2021

A more “normal” consumer inflation reading for August belies damage to the economy going forward

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   - by New Deal democrat Inflation, along with the expiration of the emergency pandemic payment, is one of the two big threats to this exp...