;by New Deal democrat Weekly Indicators for April 5 – 9 at Seeking Alpha My Weekly Indicators post is ;up at Seeking Alpha. The big news continues to be a bifurcation between the currently unfolding Boom, fueled by the fire hose of monetary and fiscal stimulus, and the fallout in the long leading forecast based on […] The post Weekly Indicators for April 5 – 9 at Seeking Alpha appeared first on Angry Bear. [Read More...]

“US Trade Deficit Rises 4.8% in February to Record High,” Commenter R.J.S. at Marketwatch 666 Our trade deficit rose 4.8% February, as both our exports and imports decreased, but the value of our exports fell by almost three times as much as the value of our imports did….the ;Commerce Department report on our international trade in goods […] The post US Trade Deficit Rises 4.8% in February to Record High appeared first on Angry Bear. [Read More...]

February JOLTS report showed a pandemic still in control Yesterday morning’s JOLTS report for February showed that the pandemic was still in control of the numbers.This report has only a 20 year history, and so includes only two prior recoveries. ;In those recoveries: ; first, layoffs declined second, hiring rose third, job openings rose and ;voluntary quits increased, […] The post Pandemic still in control appeared first on Angry Bear. [Read More...]

American plutocracy in two simple graphs; plus, when will wage growth bottom? The JOLTS report for February comes out later this morning; I may post on it later or tomorrow. In the meantime, here are updates on several graphs I used to run during the last expansion in order to examine how shared out (or […] The post American plutocracy in two simple graphs; plus, when will wage growth bottom? appeared first on Angry Bear. [Read More...]

;by New Deal democrat Weekly Indicators for March 29 – April 2 at Seeking Alpha My Weekly Indicators post is ;up at Seeking Alpha. One fairly unique service I think I provide is not just forecasting the next few months, but into the next year as well. So in the second half of last year I […] The post Weekly Indicators for March 29 – April 2 at Seeking Alpha appeared first on Angry Bear. [Read More...]

Blockbuster March jobs report, but still a long way to go ;–HEADLINES: +916,000 million jobs added. The alternate, and more volatile measure in the household report indicated a gain of 609,000 jobs, which factors into the unemployment and underemployment rates below. U3 unemployment rate declined 0.2% to 6.0%, compared with the January 2020 low of […] The post Blockbuster March jobs report, but still a long way to go appeared first on Angry Bear. [Read More...]

Commenter RJS at MarketWatch 666 Construction Spending Fell 0.8% in February after January & December Figures Were Revised Higher The Census Bureau’s ;report on February construction spending ;(pdf) reported that ;“Construction spending during February 2021 was estimated at a seasonally adjusted annual rate of ;$1,516.9 billion, 0.8 percent (±0.7 percent) below the revised January estimate of $1,529.0 billion. The ;February […] The post Construction Spending Fell 0.8% in February appeared first on Angry Bear. [Read More...]

Via Truthout , (https://truthout.org/articles/flood-risks-are-rising-amid-climate-change-but-congress-is-delaying-action) comes a reminder of a perennial problem: Floods are the ;most common disaster ;in the United States. And the 2020 hurricane season was the busiest to date in the Atlantic — ;73 percent ;more “active” than normal, ;The ;Washington Post ;reported, with a ;record number ;of storms breaking ground on U.S. soil, totaling ;$37 billion ;in damage. The frequency of what is […] The post Flood insurance appeared first on Angry Bear. [Read More...]

This may be the most important housing chart of springtime 2021 My longform housing market analysis is almost complete, and will probably get posted later today or tomorrow at Seeking Alpha. I’ll post a link here once that is done. In the meantime, consider the following. The Case Shiller national house price index had another […] The post This may be the most important housing chart of springtime 2021 appeared first on Angry Bear. [Read More...]

;– by New Deal democrat My Weekly Indicators post is ;up at Seeking Alpha. For the first time since I started tracking this data, literally every single one of the coincident indicators is positive. We are starting to experience a boom in economic growth that I expect to continue throughout most if not all of this […] The post Weekly Indicators for March 22 – 26 at Seeking Alpha appeared first on Angry Bear. [Read More...]

February personal income and spending decline: the back end of January stimulus payments Last month I wrote that the: “report on January personal income and spending shows just how important the stimulus packages enacted by the federal government both last spring and last month have been to sustaining the economy.” The truth of that was […] The post February personal income and spending decline appeared first on Angry Bear. [Read More...]

Jobless claims make new pandemic lows at last New jobless claims are likely to the most important weekly economic data for the next 3 to 6 months. They are going to tell us whether, as the number of those vaccinated continues to increase, there will be a veritable surge in renewed commercial and social activities […] The post Jobless claims make new pandemic lows at last appeared first on Angry Bear. [Read More...]