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Read More »Housing permits and starts, GDP forecast
Permits back on trend after a post-Covid bounce? Starts down a bit but perhaps leveling off around pre covid levels. Certainly not a major collapse yet: Multi-family doing better than single-family: Another tick up in the Fed Atlanta’s GDP calculations:
Read More »Housing permits and starts, GDP forecast
Permits back on trend after a post-Covid bounce? Starts down a bit but perhaps leveling off around pre covid levels. Certainly not a major collapse yet: Multi-family doing better than single-family: Another tick up in the Fed Atlanta’s GDP calculations:
Read More »Industrial production, EU trade, miles driven
No sign here that the rate hikes have slowed growth: This is what has been hurting their currency: This series is showing signs of slowing, perhaps due to working from home:
Read More »Industrial production, EU trade, miles driven
No sign here that the rate hikes have slowed growth: This is what has been hurting their currency: This series is showing signs of slowing, perhaps due to working from home:
Read More »Retail sales, consumer sentiment
Leveled off well above pre-Covid levels, and were held down by falling gasoline prices- no recession here: Adjusted for CPI/inflation: This was falling from the post-Covid fiscal collapse but has since recovered with the rate hikes:
Read More »Retail sales, consumer sentiment
Leveled off well above pre-Covid levels, and were held down by falling gasoline prices- no recession here: Adjusted for CPI/inflation: This was falling from the post-Covid fiscal collapse but has since recovered with the rate hikes:
Read More »Commercial real estate leading index, producer prices, consumer prices, jobless claims
Looking up, as have been most indicators since the rate hikes, which continue to add serious amounts of interest income paid by government (deficit spending) to the economy: Still high enough for the Fed to keep raising rates, etc: Higher than expected: New claims went up a bit, probably due to the hurricane, but remain very low historically:
Read More »Commercial real estate leading index, producer prices, consumer prices, jobless claims
Looking up, as have been most indicators since the rate hikes, which continue to add serious amounts of interest income paid by government (deficit spending) to the economy: Still high enough for the Fed to keep raising rates, etc: Higher than expected: New claims went up a bit, probably due to the hurricane, but remain very low historically:
Read More »Employment, GDP Nowcast, oil prices, equity comment
Employment growth remains strong as rate hikes continue to contribute to a now rising federal deficit that is supporting growth, contrary to Fed expectations. This leads to more hikes intended to soften growth and inflation that in fact support growth and inflation: The Saudis are on the warpath after a falling out with President Biden, scrapping their July deal that included bringing down oil prices (which was probably accomplished by the Saudis confidentially discounting...
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