Tag Archives: NDd

Industrial production continues to show excellent growth I call industrial production the King of Coincident Indicators, because it speaks volumes about where the economy is at any particular moment, and empirically is the indicator whose peaks and troughs coincide most definitively with NBER recession dates. In April the story told by industrial production continued to be very positive, as total production rose by 1.1%, and manufacturing...

Real retail sales signal further expansion, but also continue to suggest slower payrolls growth ahead Nominal retail sales for the month of April were up 0.9%, and previous months were revised higher. That means that, after inflation, real retail sales for April were up 0.6%, a very positive number. Yesterday I wrote that, rather than a YoY comparison with last April, during the stimulus spending spree, the more important comparison was...

Coronavirus dashboard for May 13: the virus will gradually become less lethal – because you can only die once, COVID-19 is still a pandemic and will gradually transition to an endemic. A year ago I thought that between nearly universal vaccinations and an increasing percentage of the population already infected, the virus would wane into a background nuisance by now. No more.  I am now thoroughly convinced that an unending series of variants...

This comes by way of New Deal Democrat who was doing some research and ran across a not so recent Krugman article via the late Economist’s View blog. Krugman’s prescient words of things to come? Hat tip to New Deal democrat and a thank you for sending this to me. “The Great Illusion” Paul Krugman, Commentary, NY Times So far, the international economic consequences of the war in the Caucasus have been fairly minor, despite Georgia’s role...