Tag Archives: US EConomics

A story that leaves me stumped. What does one do when a defect is revealed in a development that is still building out to completion? The development is controlled entirely by Builders and a Declarant. The community residents are blocked from any access to an AZ Developer run HOA. And daily management is done by the builder hired HOA. Two years have passed for this community located on state highway 347. Instead, the HOA-hired management...

I am not going to put the entire detail of the Economic Impact under both presidents up at Angry Bear. It is just too much. You can read it at the link. Snippets of information are below. MSN does not provide the charts which are in the WaPo’s article. If you have a subscription, you may want to look at it. What I have here is much of the wording of the article along with some my thoughts. “Biden’s economy vs. Trump’s, in 12 charts” (msn.com) Abha...

I have used SWI SwissInfo.ch for information a number of times in the past having gained approval to do so from time to time. Management had changed and I had to ask for permission to use their articles again. They were gracious enough to allow Angry Bear the opportunity to rebroadcast their reports in the United States. For that privilege, I am grateful. Who’s to blame for the demise of Credit Suisse? SWI swissinfo.ch, Keystone / Martin Ruetschi...

Yves Smith at Naked Capitalism posted this Yale Climate Connections commentary on vehicle speeds impacting urban climates. Where I live in AZ, speed limits, stop signs, and stop lights are just suggestions. They are not followed religiously and the accidents are often tragic. Quite a few crosses marking accident spots line the highway out of the city. In a win for the climate, urban speed limits are dropping, Yale Climate Connections, Sarah...

Brad DeLong asked me if I had an explanation of how the US economy managed to land softly. He is confident that it is softly landing. This encourages me to actually try to do my job for once and act as a macroeconomist, and also to return to blogging here some. In the spirit of challenging reopening, I will indulge myself by skimping on links, simply asserting things which I could and should back up with a bit of Google. The basic story is that...

More economic news an d this time new single family housing. Completing the housing market picture for November, sales decline bigly, and prices remain down YoY   – by New Deal democrat Our final important pre-year end release was also the final item of housing data for the month, new home sales. To reiterate, the value of this metric is that it is the most leading of all housing metrics. Its big drawback is that it is very noisy and...

It appears there will be no layoffs pre-Christmas and Christmas. After Christmas, the delays in implementing EVs at GM will result in layoffs in Michigan. A holly jolly holiday season for initial jobless claims  – by New Deal democrat Initial jobless claims rose 2,000 last week to 205,000, while the four-week average declined -1,500 to 212,000. With the usual one week delay, continuing claims declined -1,000 to 1.865 million: No...

In my lingo, existing home sales still down and mortgage rates for new homes still high. Builders are doing what they can do to encourage sales. New Deal democrat gives a clearer view and a hint of an outcome. Read on . . . Existing home sales try to find a bottom, while severe bifurcation with new home market continues  – by New Deal democrat Existing home sales rose 3,000 on a seasonally adjusted annualized basis in November. They are...

Housing under construction continues to levitate  – by New Deal democrat Although they aren’t the most leading of housing metrics, because of supply-chain issues during the pandemic, housing units under construction has been the most important one, because they represent the actual economic activity of construction. With the exception of 2001, which was an investment-led downturn, they also have always turned down significantly before a...

Have wages “really” increased since before the pandemic?  – by New Deal democrat All of the remaining 2023 data – housing sales and construction, and personal income and spending, as well as the Index of Leading Indicators – will be reported this week. After Christmas, only initial claims will be reported next week. Today there is no significant data. But over the weekend, a little tiff erupted on another site that I read, about whether real...