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Aug 14, 2014
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Existing home sales, new home sales, durable goods orders, consumer sentiment, personal consumption and income, tax receipts
Economic Releases
Nov 24, 2021
Higher prices brought out a few more sellers: The blip up seems to have reversed: Softening: Looks like inventories have recovered: These largely involve buying intentions: Seems to be back on trend, without have ‘made up for’ the covid dip: The rate of growth is declining and has about settled back to
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Housing starts, nat gas, retired workers returning
Economic Releases
Nov 17, 2021
Softening from historically low levels: Another commodity that seems to have had a spike that’s ending: Retirees are ‘unretiring’ — and that’s good for the labor market
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Industrial production, retail sales
Economic Releases
Nov 17, 2021
Just muddling along: Sales dropped when covid hit, and have subsequently recovered and the total now appears to be about what it would have been without the covid interruption:
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Jolts, consumer sentiment
Economic Releases
Nov 12, 2021
Note the ‘Hires’ in blue:
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CPI, commodity charts
Economic Releases
Nov 12, 2021
Quite a few price increases, which the media now calls ‘inflation’ even though inflation is a continuous increase in the price level: The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%. Upward pressure was broad-based, with
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Employment, US oil production
Economic Releases
Nov 05, 2021
Progress, but at a decelerating rate: The US economy added 531K jobs in October of 2021, the most in 3 months and above market forecasts of 450K as Covid-19 cases dropped and employers offered higher wages and more flexible hours. The biggest job gains occurred in leisure and hospitality (164K), in professional
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ISM services, ADP, unemployment claims, trade
Economic Releases
Nov 04, 2021
Good news here. The back to work story may be happening: Same here, if it’s any indication of the Friday employment report: This would be a good thing if the government understood it meant lower taxes or more public services. Instead, it’s simply incomes not being spent on domestic goods and services:
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Vehicle sales, commercial real estate investment, China services PMI, mortgage purchase apps
Economic Releases
Nov 03, 2021
Still way down: I like the headline but the chart not so much: China Services PMI Rises to 3-Month High The Caixin China General Services PMI increased to 53.8 in October 2021 from 53.4 in the prior month, pointing to the second straight month of expansion in the service sector and the
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Optimism index, Consumer sentiment, port congestion, lumber, iron ore, coal, steel, soybeans
Economic Releases
Nov 02, 2021
Apparently ports are clearing: https://www.cnbc.com/2021/11/01/commerce-secretary-gina-raimondo-sees-clear-improvements-happening-at-congested-us-ports.html Several commodities seem to have peaked and then fallen back. Inflation is a continuous increase in the price level, so it doesn’t seem like that’s yet the case:
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China, Brazil manufacturing, US Construction Spending, coal
Economic Releases
Nov 01, 2021
Seems a global thing: No recovery here: Another price reversal: GC Newcastle coal futures tumbled by over 30% to $150 per metric ton, the lowest in three months, and are more than 40% below a record high of $269.5 hit on October 5th, as China stepped up policies to boost output ahead
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