paid Economy • 2 min read US Production and LEI Signaling Softish Landing There was a tiny hint of a manufacturing recession in May's industrial production index, which was reported today.…
paid Economy • 2 min read Two Regional Business Surveys Showing More Stagflation In June Two regional business surveys, conducted by five of the 12 Federal Reserve Banks, are now available for the New York…
public Economy • 2 min read May's Retail Sales Depressed Q2's Real GDP May's retail sales was weak in current dollars (-0.3% m/m) and even weaker in real dollars…
public Economy • 1 min read Small Business Owners Depressed But Still Hiring Inflation is depressing, and it is depressing everyone—including consumers, business people, and investors in stocks and bonds. For example,…
public Consumer • 1 min read Uncle Sam Isn’t Santa Claus Following Friday’s CPI shocker, the financial media seem to have concluded that the Fed will have no choice but…
paid Week Ahead • 1 min read The Economic Week Ahead 6/13/22 A whole bunch of economic indicators to be released this coming week are likely to confirm that the economy is…
public Inflation • 2 min read Protracted Inflation Inflation is no longer transitory or persistent. It is protracted. The headline and core CPI inflation rates have yet to…
paid Economy • 1 min read Mortgage Applications Falling, Consumer Credit Balances Rising The housing market may be falling into a recession, but consumers continue to spend—though they have needed to borrow…
paid Leading Indicators • 2 min read Leading Indicators Up, GDP Revision Down We have a mix of good and bad news this morning for you. We will start with the good news:…
public Economic Calendar • 1 min read The Economic Week Ahead 6/6/2022 On June 1, JPMorgan Chase CEO Jamie Dimon said that “fiscal stimulation is still in the pocketbooks of consumers. They…
public GDPNow • 2 min read Mixed Indicators Showing Slowing Economic Growth We are seeing some very odd divergencies between the averages of the regional business surveys conducted by five Federal Reserve…
public Economy • 1 min read Beware of Wildlife On our first day at Yellowstone National Park yesterday, my wife Valerie and I spotted lots of bison, but no…