PMC Donation Information
Uncategorized
Aug 14, 2014
I am now also emailing my posts directly to my PMC donors at the same time they are emailed for posting on this website. If you wish to be on the list, please make a donation here.
...Read More
Durable goods orders, private payrolls
Economic Releases
Aug 05, 2020
Familiar pattern, up a bit but still depressed What the President has been doing is expressing these moves up from the collapse in percentage terms, then stating the percentage gains are the largest ever, as indications that the economy is booming, etc. It’s either shameless spinning, or, worse, he actually believes it…
...Read More
Personal income and consumption
Economic Releases
Aug 03, 2020
This shows the dependence on federal deficit spending to sustain incomes; Real personal consumption has collapsed-and particularly for services- far more than in 2008/09 even with the increase in personal income from the stimulus checks and enhanced unemployment compensation. A large part of the reason is that it isn’t safe to go
...Read More
Income, Consumption, Savings, Consumer loans, Real estate loans
Economic Releases
Jul 31, 2020
So jobs and paychecks and profits were lost, but gov deficit spending more than made up for the lost personal income, but spending went down anyway, as personal savings went up. Then personal income fell back some, consumption increased some, and savings went down some. The $1,200 distribution was a one time
...Read More
GDP, Claims
Economic Releases
Jul 30, 2020
Bad news on both fronts:
...Read More
Continuing claims, Durable goods orders, Air travel, Dining, Hotels, Gasoline
Economic Releases
Jul 27, 2020
Not getting any better: Still at depressed levels, and these numbers are not inflation adjusted:
...Read More
Architecture billings, Sales manager indexes, Claims
Economic Releases
Jul 23, 2020
same pattern Up a bit from already very high levels:
...Read More
Chicago national survey, Existing home sales and prices
Economic Releases
Jul 22, 2020
A bounce after the big dip but still at a very depressed level: A bounce but still way down: And home prices dropping:
...Read More
Confidence, Housing starts and permits, LA port traffic, GDP forecasts
Economic Releases
Jul 18, 2020
This is about consumer spending plans which remain weak: Housing starts were depressed historically and going sideways before covid, and have subsequently weakened: Collapse in global trade continues: Not good:
...Read More
Industrial production, Fed report
Economic Releases
Jul 16, 2020
Still way down after a small uptick last month, and it had already started fading with the tariffs that continue: https://www.instagram.com/tv/CCqgZ8xD-Ef/?igshid=1r39gp3arr6i0
...Read More