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Home / Mosler Economics / State tax receipts, Redbook retail sales, Case-Shiller house prices, PMI services, Richmond Fed manufacturing, consumer confidence

State tax receipts, Redbook retail sales, Case-Shiller house prices, PMI services, Richmond Fed manufacturing, consumer confidence

Summary:
This too has followed the shale boom/bust cycle and is headed lower: No recovery here: This looks back over the last three months and seems to be decelerating from already modest levels: Up a bit but still low: The flash Markit US Services PMI came in at 51.9 in September of 2016 from 51 in August, reaching the highest figure in five months and above market expectations of 51.1. Activity picked up for the first time in three months due to ongoing new business growth while new orders, employment and inflationary pressures eased.Still contracting: Here some good news! But as per the chart something changed after the collapse in oil capex? Maybe because confidence is one man, one vote, not one dollar, one vote?

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This too has followed the shale boom/bust cycle and is headed lower:

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No recovery here:

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This looks back over the last three months and seems to be decelerating from already modest levels:

92703

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Up a bit but still low:

92705
The flash Markit US Services PMI came in at 51.9 in September of 2016 from 51 in August, reaching the highest figure in five months and above market expectations of 51.1. Activity picked up for the first time in three months due to ongoing new business growth while new orders, employment and inflationary pressures eased.
92706
Still contracting:

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Here some good news! But as per the chart something changed after the collapse in oil capex? Maybe because confidence is one man, one vote, not one dollar, one vote?
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WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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