Heterodox
There is now only one significant manufacturing datapoint that is not flat or down – but it’s the one the NBER relies upon – by New Deal democrat I am increasingly of the opinion that at the moment, the only two economic data series that are important are nonfarm payrolls and the personal consumption expenditure deflator. That’s because almost every other important metric of the economy is either flat or declining. But payrolls keep chugging...
Read More »There is now only one significant manufacturing datapoint that is not flat or down – but it’s the one the NBER relies upon
