New orders for manufactured goods in April, down three of the last four months, decreased $2.9 billion or 0.6 percent to $466.0 billion, the U.S. Census Bureau reported…
…[T]he percentage of graduate-degree holders who receive food stamps or some other aid more than doubled between 2007 and 2010. During that three-year period, the…
In “Burger Flippers, Babysitting Grandmas Show Recession Lives On,” Bloomberg details where things stand for the average American.
Americans flipped more burgers, rented more homes, used less-expensive heating fuel and asked for more government hel…
The demise of the dollar as the grease of global trade would trigger global depression, political instability and the end of the Status Quo everywhere. No wonder it’s still around.
The basic dynamic is this:
1. Technology and other efficiencies l…
The U.S. housing market is going through an adjustment of historic proportions. Before 2006, when the housing slump commenced, American home builders regularly built as many as 2 million new houses annually, rarely less than a million. This amount w…
May 13, 2011
I delayed my commentary on the latest Retail Sales Report until today because my focus is on “real” (inflation-adjusted) and population-adjusted retail sales data. Now that we have the April CPI report, let’s analyze the numbers.
Re…
You might think property taxes have declined 30%, paralleling declines in housing values. But nope–property tax revenues have shot up 27% just since 2006.
Something remarkable happened to property taxes in the U.S. while housing lost 31% of its v…
Nevada’s boom ends in record number of empty homes
LAS VEGAS – The promise of palm tree groves and low-priced real estate lured Alan and Katherine Ackerly across the Rocky Mountains from Denver to Nevada in 2004, where thousands of new houses beck…
Well, I guess I nailed that one… Heh heh. Sort of, anyway. Here’s what I wrote in last night’s Professional Edition Housing Update-
QuoteTomorrow’s Commerce Department new home sales data should be very weak. According to Econoday and Briefing.com…
