Tuesday , October 27 2020
Home / Tag Archives: US/Global Economics

Tag Archives: US/Global Economics

September housing construction: another very positive month

by New Deal democrat September housing construction: another very positive month Yesterday September housing permits and starts were reported. Permits made yet another 10+ year high. This bodes very well for the economy in 2021, if the pandemic can be contained. Sorry about the delay. Seeking Alpha didn’t get around to publishing it until this morning. Here’s the link.

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The Guardians of the Financial Galaxy

by Joseph Joyce The Guardians of the Financial Galaxy The rapid expansion of the pandemic and the ensuing economic and financial collapses brought about responses by policymakers, including actions undertaken on an international basis. The Federal Reserve acted together with other central banks to ensure that an adequate supply of dollars was available to support dollar-based financing outside the U.S. Similarly, the IMF moved rapidly to provide...

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Real retail sales continue (inexplicably) strong, still bode well for employment

Real retail sales continue (inexplicably) strong, still bode well for employment This morning we got two important monthly September reports: industrial production and retail sales. I have more to say about industrial production, and some general economic analysis about retail sales, which are pending at Seeking Alpha. I will post a link once that article goes up. UPDATE: Here’s the link: Link For this blog, let’s focus on how real retail sales are...

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Weekly Indicators for October 12 – 16 at Seeking Alpha

by New Deal democrat Weekly Indicators for October 12 – 16 at Seeking Alpha  My Weekly Indicators post is up at Seeking Alpha. What was most noteworthy about the past week is the confirmation that consumer spending, so far, has continued to hold up even as emergency Congressional assistance has been terminated for a month and a half. As usual, clicking over and reading will bring you up to the moment on all of the important economic data, and will reward...

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Why Does MbS Want Hillary Clinton’s Emails?

Why Does MbS Want Hillary Clinton’s Emails?  In yesterday’s Washington Post David Ignatius reports in a column about serious efforts by Saudi Crown Prince Mohammed bin Salman (MbS) to get the infamous emails of Hillary Clinton publicized, something that President Trump also wants and SecState Pompeo has been promising while complaining about problems getting them out.  My guess is there is nothing in them not already known, but MbS has really been...

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Consumer prices rise a “normal” 0.2% in September

Consumer prices rise a “normal” 0.2% in September In September Consumer prices rose a “normal” 0.2%, the first such typical increase since the pandemic began (blue in the graph below): For the past 40 years, recessions had typically happened when CPI less energy costs (red) had risen to close to or over 3%/year. We are nowhere near that now (last 15 years shown in graph): Because wages are “stickier” than prices, typically as recessions beat...

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College educational attainment by age demographic

College educational attainment by age demographic There is no economic data today due to the Columbus Day observance. So let me drop this graph of a metric I have been trying to find, of college educational attainment by age demographic, that I finally came across a couple of days ago: It is commonplace that among Whites at least, support for Democrats is highly correlated by a college education. What is unclear is whether that is actually a function...

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Weekly Indicators for October 5 – 9 at Seeking Alpha

by New Deal democrat Weekly Indicators for October 5 – 9 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Because the pandemic so quickly and completely put the economy in a coma back in April, and the economy remains at severely depressed levels by most metrics compared with a year ago, in June I started to compared current levels with the worst pandemic readings.  This week I went further, and calculated the best readings since the...

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August JOLTS report conforms to prior early recession recovery pattern

August JOLTS report conforms to prior early recession recovery pattern Yesterday’s JOLTS report for August showed a jobs market that is still just beginning to mend. Hires were up, and layoffs and discharges were down, which is good, but job openings and voluntary quits both declined. We are far enough along past the worst of the pandemic jobs losses that it is worthwhile to compare the state of the various JOLTS components with the 2 previous...

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