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.
The real news about the current number is the headline on this post. This was the fewest initial claims for the last week of December since 1999.
Like the good chartist, I just add a few lines and then interpret the chart based on common standards of technical analysis, a discipline which economists, being the clown frauds that they are, do not take seriously.
While US centric traders and pundits are focused on the Fed and its influence on the markets, it pays to remember that there are other major central banks in the world.
With Case Shiller out this morning touting rip roaring price gains, it’s time for me to remind everyone yet again that that index is the worst housing indicator on the planet.
The advance number of actual initial claims under state programs, unadjusted, totaled 413,920 in the week ending December 21, a decrease of 159 from the…
