The Labor Department reported today that seasonally adjusted (SA) first time claims for unemployment were up by 34,000 to 386,000. Unfortunately, both the total and…
Follow live here. Tweets from earlier today. 31sLee Adler @Lee_Adler @WSJecon @WSJ Mr. Overreact After the Fact. Great at recognizing problems after the damage is done. View conversation…
The mainstream consensus has lately been that the economy is slowing. Based on my tracking of federal revenues in real time, I suspect that that view is incorrect. Instead the recent data reflects only normal oscillations within the ongoing slow growth trend.
The year to year gain in real retail sales, ex gasoline prices, and adjusted for inflation in June was 2.07%. This is toward the lower end of…
This long term chart of the University of Michigan Consumer Confidence Index, posted by Markit, shows just how well US consumers have understood the US…
The reporting of first time claims today was absolutely absurd. Media reports shouted that claims had reached a new low. The only problem was that…
The Fed made minor changes to Operation Twist that were not announced in the FOMC statement, but instead showed up quietly on the NY Fed…
Two types of people now constitute the majority of those at the top of the corporatist structure- those who cannot distinguish right from wrong, and…
Commodities performance in 2012.
Another Saturday Night with Kathleen Hays. For the second time in recent weeks I had an interesting exchange with Kathleen Hays, host of Bloomberg Radio’s Hays Advantage each weekday from 12:30-3PM ET. Kathleen’s a very sharp interviewer who asks tou…
