Friday, November 29, 2024

Real personal income and spending for October were all good; no special cause for concern yet about inflation

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   - by New Deal democrat Let me finish catching up this week with a quick look at personal income and spending, which were reported on Wedn...
Wednesday, November 27, 2024

It’s not just corporate profits, the long leading housing sector is also under pressure

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   - by New Deal democrat I suspect that both hurricanes as well as mortgage rates somewhat distorted all of the housing reports for October...

The long leading indicator of corporate profit growth stalled in Q3

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   - by New Deal democrat Perhaps the most important economic news released so far this week was this morning’s update on Q3 corporate profi...

Jobless claims continue to signal moderate expansion

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   - by New Deal democrat Let me start to update this week’s data with jobless claims. Initial claims fell another -2,000 to 213,000, the lo...
Tuesday, November 26, 2024

On the Road

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   - by New Deal democrat I’m traveling this week, so light posting.  There was no significant economic news yesterday. I’ll take a look at ...
Sunday, November 24, 2024

Weekly Indicators for November 18 - 22 at Seeking Alpha

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   - by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha . With the hurricane-induced weakness past, the short term fore...
Friday, November 22, 2024

October existing home sales: a pause, or possibly reversal, in the rebalancing trend

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   - by New Deal democrat Yesterday’s report on existing home sales indicated, at least for one month, a pause or even reversal in the previ...
Thursday, November 21, 2024

Initial claims are positive, while hurricane-adjusted continued claims are neutral

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   - by New Deal democrat This week’s jobless claims reflect a little more complex scenario than usual, because the hurricane effects have d...
Wednesday, November 20, 2024

What to look for if housing construction does forecast a recession

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   - by New Deal democrat No data today, but since it is mainly a housing week, let me pick up on a topic I discussed at the end of yesterda...
Tuesday, November 19, 2024

Leading housing construction data stabilizes, while units under construction continue free-fall. With a continued hurricane asterisk

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    - by New Deal democrat Housing data for October, like that for September, has to be viewed with an asterisk, due to Hurricanes Helene an...
Monday, November 18, 2024

Whither housing? A look at interest rate and inflationary considerations

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   - by New Deal democrat Starting tomorrow we get to the time of month when the data on the important long leading sector of housing begins...
Saturday, November 16, 2024

Weekly Indicators for November 11 - 15 at Seeking Alpha

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   - by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha . More the recent ‘same’ this week: short term and coincident i...
Friday, November 15, 2024

Production turns more negative

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   - by New Deal democrat Industrial and manufacturing production slid further in October, by -0.3% and -0.5% respectively. They are also d...

Real retail sales jump nicely, but we’re not out of the woods on consumption just yet

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   - by New Deal democrat Let me start with my usual reminder that  real retail sales is one of my favorite economic indicators, because it ...