3 graphic signs of financial stress
– by a New Deal Democrat The subject of my weekly “high-frequency” update on economic indicators over the weekend was the sudden deterioration in some measures of financial stress. Tomorrow…
– by a New Deal Democrat The subject of my weekly “high-frequency” update on economic indicators over the weekend was the sudden deterioration in some measures of financial stress. Tomorrow…
– by a New Deal Democrat I’m increasingly of the opinion that right now the only two economic data series that matter are non-farm payrolls and the personal consumption expenditure…
– by a New Deal Democrat Most of what you’ve probably read elsewhere has focused on new home prices, which after finally falling -0.7% y/y in January, have recovered to…
– by a New Deal Democrat Initial jobless claims fell -1,000 to 191,000 last week, while the more important 4-week moving average fell 250 to 196,250. Continuing claims, one week…
Aside from the Fed’s interest rate decision this afternoon, it’s been a slow week for economic news. In general, the experts I read seem to settle on the consensus that…
– by a New Deal Democrat There were only two notable takeaways from February’s existing home sales report: (1) like mortgage applications, permits and starts, existing home sales responded to…
– by a New Deal Democrat There’s no major economic news today, so let’s update a few income metrics important to the average working American household. Namely, since we now…
– by a New Deal Democrat Industrial production was unchanged for the month of February, while industrial production rose by +0.1%. But the bad news is that both have been…
– by a New Deal Democrat This morning’s housing report contained both good and bad news. First, the good news. Both permits (gold in the chart below) and starts (blue)…
– by a New Deal Democrat Initial jobless claims fell -20,000 this week, back below 200,000 to 192,000. The 4-week average fell from -750 to 196,500. Continuing claims, delayed by…