Saturday, March 23, 2024

Weekly Indicators for March 18 - 22 at Seeking Alpha

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   - by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. With interest rates having come down from their highs of five ...
Friday, March 22, 2024

Signs of a thaw in the frozen existing homes market, but a very long way to go

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    - by New Deal democrat There’s no big economic news today, but yesterday existing home sales were released. While they have historically...
Thursday, March 21, 2024

The positive streak of news from initial and continuing jobless claims continues

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   - by New Deal democrat Initial and continuing claims once again continued their recent good streak.  Initial claims declined -2,000 to 21...
Wednesday, March 20, 2024

“Are you better off than you were four years ago?”

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   - by New Deal democrat No economic news today, so let me take a look at the supposed killer recent GOP meme that they claim is completely...
Tuesday, March 19, 2024

Housing construction rebounds in February, as permits and starts are stable and rebounding

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   - by New Deal democrat Yesterday I wrote of how Fed rate hikes had not translated into a decline in the amount of housing under construct...
Monday, March 18, 2024

Manufacturing and construction vs. the still-inverted yield curve

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    - by New Deal democrat Prof. Menzie Chinn at Econbrowser makes the point that the yield curve is still inverted, and has not yet eclipse...
Saturday, March 16, 2024

Weekly Indicators for March 11 - 15 at Seeking Alpha

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   - by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha . Not a lot of movement in any indicator this week. The long l...
Friday, March 15, 2024

Industrial and manufacturing production improve for the month, but 16+ month fading trend continues

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   - by New Deal democrat Industrial production is an indicator that has faded somewhat in importance in the modern era since China’s access...
Thursday, March 14, 2024

Good news and bad news Thursday: the bad news is real retail sales

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    - by New Deal democrat The bad economic news this morning was that after taking into account inflation, retail sales, which rose 0.6% no...

Good news and bad news Thursday: the good news is jobless claims . . .

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   - by New Deal democrat This morning brought us both good and bad economic news. The good news was that initial jobless claims continue v...
Wednesday, March 13, 2024

The most potent labor market indicator of all is still strongly positive

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   - by New Deal democrat On Monday I examined some series from last Friday’s Household survey in the jobs report, highlighting that they mo...
Tuesday, March 12, 2024

February consumer inflation: the tug of war between gasoline and shelter continues

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    - by New Deal democrat Last month I described the trend in consumer inflation as an ongoing “tug of war” between energy and housing. Ene...
Monday, March 11, 2024

Scenes from the February jobs report: yes, the Household Survey really was recessionary

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   - by New Deal democrat Later this week we get a lot of interesting reports, including CPI tomorrow, retail sales on Thursday, and industr...