Friday, December 22, 2023

Completing the housing market picture for November, sales decline bigly, and prices remain down YoY

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    - by New Deal democrat Our final important pre-year end release was also the final item of housing data for the month, new home sales. T...

A holly jolly holiday season for income and spending as well

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    - by New Deal democrat Santa showed up with some more gifts in his bag this morning, in the form of a uniformly positive income and spen...
Thursday, December 21, 2023

A holly jolly holiday season for initial jobless claims

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   - by New Deal democrat Initial jobless claims rose 2,000 last week to 205,000, while the four week average declined -1,500 to 212,000. Wi...
Wednesday, December 20, 2023

Existing home sales try to find a bottom, while severe bifurcation with new home market continues

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   - by New Deal democrat Existing home sales rose 3,000 on a seasonally adjusted annualized basis in November. They are likely in the proc...
Tuesday, December 19, 2023

Housing under construction continues to levitate

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   - by New Deal democrat Although they aren’t the most leading of housing metrics, because of supply-chain issues during the pandemic, hous...
Monday, December 18, 2023

Have wages “really” increased since before the pandemic?

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    - by New Deal democrat All of the remaining 2023 data - housing sales and construction, and personal income and spending, as well as the...
Saturday, December 16, 2023

Weekly Indicators for December 11 - 15 at Seeking Alpha

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   - by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The big decline in long term interest rates this week in the w...
Friday, December 15, 2023

Industrial production remains below late 2022 peak even after end of UAW strike

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    - by New Deal democrat Industrial production historically has been the King of Coincident Indicators, turning up and down at the onset a...
Thursday, December 14, 2023

Real retail sales mildly positive, but still suggest further deceleration in job gains

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   - by New Deal democrat Before proceeding further, I should mention - and should have mentioned as to jobless claims - that we are in tha...

Jobless claims: good news all around

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   - by New Deal democrat This was one of the best weeks as to jobless claims all year. Initial claims declined -17,000 to 202,000, a tie fo...
Wednesday, December 13, 2023

Producer prices, “sticky” consumer prices - basically, everything except shelter show nearly complete abatement of inflation

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   - by New Deal democrat The producer price index released this morning for November is yet further confirmation that inflation ex-shelter ...
Tuesday, December 12, 2023

Real aggregate payrolls rise to new high as CPI ex-shelter continues somnolent

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    - by New Deal democrat With few exceptions, the November CPI report once again demonstrated how important fictitious shelter is to its c...