Tag Archives: US EConomics

I found this part of RJS’s report to be particularly interesting about the potential environmental risks in Louisiana resulting from a buildup of waste within the state. This has been accumulated over the years. There does not appear to be an effort to eliminate the waste and chemicals. ____________ Focus on Fracking: natural gas price at a 33 month high; US crude supplies at a 23 month low; Ida shuts down Gulf, MarketWatch 666, Blogger RJS...

Spending and Producing When a framing becomes ubiquitous you forget it’s a framing.  This is what popped into my head when I read a headline this morning about the infrastructure bills pending in Congress: Democrats Hit the Road to Sell Big Spending Bills as Republicans Attack. Yes, they are proposals to spend money; that’s one way to look at it.  But they are also proposals to produce infrastructure and social services—the spending...

 by New Deal democrat Weekly Indicators for August 30 – September 3 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Even the indicators which should be most sensitive to rhe raging of the Delta variant show no significant deterioration. A few indicators actually improved. As usual, clicking over and reading should reward you with knowledge and reward me a little bit for my efforts....

Construction Spending Rose 0.8% in July after 2nd Quarter Spending was Revised Higher, RJS, MarketWatch 666 The Census Bureau report on construction spending for July (pdf) estimated that the month’s seasonally adjusted construction spending would work out to $1,568.8 billion annually if extrapolated over an entire year, which was 0.3 percent (±1.2 percent)* above the revised annualized estimate of $1,563.4 billion of construction spending in June...

August jobs report: some weak points, but the underlying very good trend continues While the NBER has declared that the recession ended in April 2020, neither the King nor Queen of Coincident Indicators, industrial production, and jobs, have recovered to their pre-pandemic levels. The former is only off by -0.2%, but the latter – which is most important to ordinary Americans – as of this morning’s report is still -3.5% below its level in...

Producer sector remains on fire, while two most important indicators of consumer sector falter As has been the pattern for the last several months, August data started out with a strong reading on manufacturing, while July ended with weak data on housing construction. As a side note, the latest read on motor vehicle sales also slid south.  Both the overall and new orders components of the ISM manufacturing index remained very strong, with...

Jobless claims show continuing improvement, now well within normal expansion range Way back at the beginning of spring, I set a goal of initial claims being 400,000 or less by Labor Day as a marker for a good COVID recovery – which I was reminded of because the aforesaid holiday is this weekend. Well, we blew through that a while ago, and at this point, all of the jobless claims markers are well within the range of a normal expansion. This...

Really modest and meant seriously (apologies to Swift). All Senators and Representatives get a full pension for their natural lives (equal to salary)They may never ever receive any money from any entity other than the Federal Government. No salary and all investments must be in Treasury securities (oh and nooo royalties – ever). No revolving door, no financial interests other than avoiding US Treasury default on salary, pension, interest and...

A fundamentals-based look at the consumer indicates the expansion is in good shape for now I was going to update the Coronavirus dashboard today, but since half of the States no longer bother to report over the weekend, Monday is basically useless. There may be a few interesting things happening … but let’s wait until tomorrow. In the meantime, I see where Bill McBride posted a graph of spending on gas as a percent of total consumer...

by Dale Coberly (Dale has been posting on AB on Social Security for over 12 years…some of his work and Bruce Webb’s can be found under our new category Social Security) Social Security Trustees Report OutCRFB Lies About It When is a not-a-lie really a lie? When the liar gives you a part of “true information” and leaves out “the whole truth” in order to lead you to a false conclusion.  Or worse, to lead you to do something that hurts you....