I have reached my summer home in Canada and have been catching up on the data since being on the road for the past 10 days. Not much has changed! The next video will be posted late Saturday. Please check…
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 267,000. The Wall Street economist crowd consensus guess was a…
Withholding tax collections continued to grow at a strong pace through the period ended June 10. The annual growth rate has hit a plateau around…
I am writing this as I and my trusty convertible head north on the Autotrain to our summer home in Canada. My wife Danielle is…
Stupid Fed Trick Number 1 The Fed thinks that keeping interest rates low spurs inflation. It was probably happy to see the purported uptick in…
Strengthening economic data is forcing the Fed’s hand, just when the cycles predicted.
By now you are well aware that the seasonally finagled headline number for May nonfarm payrolls came in at an increase of 280,000, which crushed…
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 276,000. The Wall Street economist crowd consensus guess was 280,000. Rather…
Automakers reported auto and light truck sales for May this week. Here’s the perspective that Bloomberg gave on it as sales came in at the seasonally…
The composite liquidity indicator edged to a new high this week, barely above the range of the past 5 months. Even with that pause, the…