New Home Sales Worse Than Usual For December New home sales in the US in December were an unqualified disaster. The headline number came in…
The headline seasonally finagled number for initial unemployment claims was in line with Wall Street consensus. Given the vagaries of the seasonal manipulation process and…
Retail sales for December rose 0.2% according to the headlines, beating the market consensus of a flat month. As usual, the headline number was a…
The jobs data trend remains a disaster for the American people. I have previously shown how the headline number for non farm payrolls overstated the weakness in…
The non farm payrolls headline number has grossly overstated the weakness in December jobs growth. The reported (fictional, seasonally adjusted) gain of 74,000 jobs in December compared…
First time unemployment claims for the first week of January are now lower than any first week of the year since 2007 as the housing/credit…
A few Fedheads are wondering publicly about how QE affects the economy. I have to ignore that stuff because it makes me want to puke.…
After the ISM’s manufacturing new orders for December showed some life last week we had reason to expect a good report from the Non Manufacturing…
On Thursday, the Commerce Department reported the widely ignored monthly Construction Spending report for November. Did you notice it? I didn’t think so. But boy,…
The ISM Manufacturing PMI is misleading about the US manufacturing recovery.
