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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Data Review

Posted by WARREN MOSLER on September 17th, 2009

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Karim writes:



  • Initial down 12k to 545k
  • Continuing + Emergency + Extended up 161k


  • Starts up 0.2% in August with single family down 3%, first drop in this sector since Feb
  • Permits up 2.7% with single family down 0.2%, first drop in this sector since March

Philly Fed

  • Headline improves 10pts to 14.1, but details on the weak side (headline not a weighted avg of components)
  • Prices Paid less Prices Received, new orders, and number of employees all worsen. Improvement most notable in current shipments.


One Response to “Data Review”

  1. Jim Baird Says:

    Here’s an interesting data point:


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