Category: Economy

Industrial production increased 0.4% in March, matching consensus expectations.  Utilities output rose 2.1% in March, while mining declined 1.4%. Manufacturing, […]

Housing starts declined 14.7% in March to a 1.321 million annual rate, substantially lagging the consensus expected 1.485 million.  Starts […]

Retail sales rose 0.7% in March (+1.3% including revisions to prior months), beating the consensus expected gain of 0.4%.  Retail […]

Many, us included, see parallels between today’s big issues and those of the 1960s and 1970s. Mistakes in both geopolitical […]

The Producer Price Index (PPI) rose 0.2% in March, coming in below the consensus expected +0.3%. Producer prices are up […]

The Consumer Price Index (CPI) rose 0.4% in March, above the consensus expected +0.3%.  The CPI is up 3.5% from […]

In the waning seconds of one of the most watched women’s college basketball games ever, a foul was called.  The […]

Nonfarm payrolls increased 303,000 in March, beating the consensus expected 214,000.  Payroll gains for January and February were revised up […]

The trade deficit in goods and services came in at $68.9 billion in February, larger than the consensus expected $67.6 […]

The ISM Non-Manufacturing index declined to 51.4 in March, lagging the consensus expected 52.8. (Levels above 50 signal expansion; levels […]

The ISM Manufacturing Index rose to 50.3 in March, beating the consensus expected 48.3. (Levels higher than 50 signal expansion; […]

Personal income rose 0.3% in February, falling short of the consensus expected +0.4%.  Personal consumption rose 0.8% in February (+0.7% […]

Several years ago some politicians started demanding that the Federal Reserve get audited.  We think the idea has some merits […]

Real GDP growth in Q4 was revised higher to a 3.4% annual rate, from a prior estimate of and consensus […]

New orders for durable goods rose 1.4% in February (+0.6% including revisions to prior months), versus a consensus expected gain […]