USA Archive

China, Germany, Productivity, NFIB Index, Redbook, Wholesale Trade

A few thoughts: China’s US Tsy holding had been falling perhaps because they were selling $ to buy Yuan to keep it within in the prior band. Pretty much all exporting nation’s currencies have already weakened vs the $, including the Yen and Euro, so this is a bit of a ‘catch ...Read More

Rail Traffic and Credit Check

Rail Week Ending 11 July 2015: Back to Contraction Econintersect: Week 27 of 2015 shows same week total rail traffic (from same week one year ago) contracted after expanding last week according to the Association of American Railroads (AAR) traffic data. Intermodal traffic expanded year-over-year, which accounts for approximately half of movements ...Read More

Fed Testimony

Semiannual Monetary Policy Report to the Congress By Janet Yellen Looking forward, prospects are favorable for further improvement in the U.S. labor market and the economy more broadly. Low oil prices Still seems to leave out the fact that a dollar saved by the buyer of oil is a dollar lost by ...Read More

Macro update

First this, supporting what I’ve been writing about all along: Here’s Proof That Congress Has Been Dragging Down The Economy For Years By Shane Ferro Oct 8 (Business Insider) — In honor of the new fiscal year, the Brookings Institution released the Fiscal Impact Measure, an interactive chart by senior fellow Louise ...Read More

Warren Mosler on RT TV

Mine starts at about 15 min into the video: Hong Kong protests, Pettifor on unsustainable debt, Mosler on US problems ...Read More

Fed minutes, comments on full text

Comments in below and highlights mine: Developments in Financial Markets and the Federal Reserve’s Balance Sheet The Manager of the System Open Market Account reported on developments in domestic and foreign financial markets as well as the System open market operations during the period since the Federal Open Market Committee (FOMC) met ...Read More

GDP and Jobs

GDP measures domestic spending on output, and when it falls for any reason there is that much less reason to employ, unless productivity is falling fast enough, which generally isn’t the case. When govt ‘gets out of the way’ with sequesters, income and jobs vanish, as does spending that depended on that ...Read More

Consumer Credit Year Over Year

I keep looking for domestic credit expansion, to fill the ‘spending gap’ left by the tax hikes and sequesters. The headline uptick in consumer credit looked promising, but seems there’s some kind of ‘seasonal’ factor at work, as it’s done this every year for the last three years, so the year over ...Read More

US chartbook

Not much to like here. Lots of decentralized even before the tax hikes and spending cut. US Chartbook ...Read More

Thaler’s Corner 04-22-2013 2013: And now?

Again, very well stated! Thaler’s Corner I must admit that I am at a loss for words these days. The analytical items at our disposal describe a situation so complex, given a myriad of contradictory influences, that I find it impossible to develop any sort of reasonable scenario. I have spent a ...Read More