Thursday , October 6 2022
Home / Tag Archives: US EConomics

Tag Archives: US EConomics

Unfinished Ford Truck Inventory Piling Up as seen from Space

Once again, automotive is building inventory dues to parts shortages. Semiconductors appear to be an issue again or the issue never went away. Much of this is due to automotive OEMs trying to drive parts cost down to the tiers. Many of them are running tight budgets due to the OEMs. They will not hold inventory unless the OEMs commit to it. The other side of this being Ford splitting it business into two parts, traditional fuel vehicles and Electric...

Read More »

August JOLTS report: the game of reverse musical chairs in the jobs market is ending

August JOLTS report: the game of reverse musical chairs in the jobs market is ending  – by New Deal democrat Since early this year I’ve been making the point that, because of the pandemic, there have been several million fewer persons looking for work, leaving a huge number of unfilled job vacancies, particularly in the face of a roughly 10% higher jump in demand. This has given employees the upper hand, as there are almost always higher...

Read More »

September manufacturing new orders and August construction spending both turn down

September manufacturing new orders and August construction spending both turn down  – by New Deal democrat As usual, we begin another month and another quarter with important manufacturing and construction data. The ISM manufacturing index has a very long and reliable history. Going back almost 75 years, the new orders index has always fallen below 50 within 6 months before a recession, and in three cases did not actually cross the line...

Read More »

What is in My In-Box

As you can see bullet spewing weapons takes the lead this week. There are a lot of articles as taken from JAMA Network. which also has more and unlisted here. You are probably also wondering why the term “bullet spewing weapons” verbiage. There was always a discussion on semi-automatic, automatic, revolvers, etc. So, I cut to the chase. We are talking about weapons which spew bullets. Hence the name. Everything else is a mixture of various topics...

Read More »

Who gets paid sick days?

From the Economic Policy Institute comes this piece on who gets benefits: The pandemic highlighted vast inequalities in the United States, especially in the U.S. labor market. Striking disparities were magnified in who could work from home and who had to go into work in person, who was able to keep their job and who suffered from lost work hours or employment altogether, who had health insurance to seek care when they needed it and who didn’t,...

Read More »

August personal income and spending: major downward revisions overwhelm modestly positive monthly gains

 – by New Deal democrat This morning’s personal income and spending report for August was positive month over month both in nominal and real terms, but the major story was in the revisions. Personal spending is the essentially the opposite side of the transaction of retail sales. Both have been tracking relatively closely since the end of the stimulus-fueled spring spending spurge of 2021, as shown in the m/m% changes below: Real...

Read More »

Distibution and Total Growth of Family Wealth

This popped up on “Letters from an American” just last night. I was too tired to read Prof. Heather Cox-Richardson’s article. So, I missed out on a good message about the income of America’s population. This is a recent commentary by the not-so nonpartisan Congressional Budget Office in September 2022. The thrust of the article? “Trends in the Distribution of Family Wealth, 1989 to 2019.” Prof. Heather Cox-Richardson’s Introduction; Since...

Read More »

The positive trend in jobless claims continues

The positive trend in jobless claims continues For still another week, initial jobless claims continued their recent downtrend. Initial claims declined -16,000 to 193,000, a 5 month low. The 4 week average also declined -8,750 to a new 4 month low of 207,000. Continuing claims, which lag somewhat, declined -29,000 to a 2.5 month low of 1,347,000: The downtrend of the past 2 months is almost certainly a positive side-effect of lower gas...

Read More »

Interest rates, the yield curve, and the Fed chasing a Phantom (lagging) Menace

Interest rates, the yield curve, and the Fed chasing a Phantom (lagging) Menace There’s a lot going on with interest rates in the past few days. Mortgage rates have increased above 7%: This is the highest rate since 2008. Needless to say, if it lasts for any period of time it will further damage the housing market. The yield curve has almost completely inverted from 3 years out (lower bar on left; upper bar shows a similar curve in April...

Read More »

What News was in My In-Box

Kind of a mixed bag of what news was showing up in My In-Box. It was evenly spread amongst various topics. Ford building a battery plant just like everyone else is planning. Wall Street buying up residential homes. That purchasing of houses will come to no-good for the average citizen. ACA Preventive is under threat by a looney federal judge in Texas and SCOTUS has to decide. Non-Opioid pain treatment sounds like a good idea. If you do not like the...

Read More »