The BLS provides seasonally adjusted (SA) data to make it impossible to see what actually happened in the first report each month. They do it to give economists and Wall Street mouthpieces something to do. Meanwhile, it’s much easier to see the truth with the actual not seasonally manipulated data (NSA).
Here are a few charts showing August data in the context of actual historical data NSA.
Earlier this week, United announced it would be putting just over 16,000 workers on involuntary and indefinite furlough at the beginning of October unless the government announces an extension to the CARES Act which has been providing vital payroll ass…
Earlier this week, the Centers for Disease Control and Prevention put forward temporarily halting residential evictions to prevent the further spread of COVID-19. “Eviction moratoria facilitate self-isolation by people who become ill or who are at risk…
As Christopher Nolan’s big-budget thriller “Tenet” is making its debut on the big screen this weekend, American movie theaters are hoping for a hint of normalcy to return after the COVID-19 pandemic obliterated their business for the better part of the…
The Fed buys the paper from the Primary Dealers. The Fed pays for the purchases by depositing newly imagined money into the dealers accounts at the Fed. That money is then their cash to use for trading whatever they want. Here’s what happens next.
While I think that yesterday was a warning shot across the bow, I’m voting twice in favor of it being yet another BTFD moment. I’ll take a deeper look at the big picture in this weekend’s Technical Trader, which you can try risk free for 90 days if you are not now nor have ever been a member of our party.
Meanwhile, here’s the view for today.
Reading the tabloids of New York City gives one the feeling that a great mass exodus of people are leaving the city for good in search of greener, more-spacious pastures. While the data on just how many people are leaving the Big Apple is still inconcl…
Over the past 20 years, e-commerce has steadily risen in size and reach. According to Statista’s Digital Market Outlook, more than 250 million Americans will make an online purchase this year, but how big is e-commerce really in the grand scheme of thi…
Tax collections have leveled off at a negative year to year rate. That will allow the Fed to continue to paper things over at the current level of support it is providing. Here’s what it means for stocks and bonds, not to mention the US economy.
August, September… What’s the difference. At least we got the 5 day cycle projection and then some. Now waiting for the next.
