Tag Archives: NewDealdemocrat

October industrial and manufacturing production tank – but it’s all about the UAW strike  – by New Deal democrat Industrial production historically has been the King of Coincident Indicators, turning up and down coincident with the onset and end of recessions in the past. But there are signs that has changed in the past 20+ years since China was admitted to normal trade relationships with the US. Because manufacturing is a much smaller share of...

Real income in February rises slightly; real spending declines slightly; real total sales in January rose sharply, as expected  – by New Deal democrat As I wrote earlier this week, personal income and outlays is one of the two most important data releases at the current time, along with the monthly jobs report. That’s because these are the two sectors of the economy that have most prominently not rolled over, and are keeping us out of...