ISM Non‐Manufacturing Index July 2023
The ISM Non-Manufacturing index declined to 52.7 in July, below the consensus expected 53.1 (Levels above 50 signal expansion; levels […]
The ISM Non-Manufacturing index declined to 52.7 in July, below the consensus expected 53.1 (Levels above 50 signal expansion; levels […]
Nonfarm productivity (output per hour) increased 3.7% at an annual rate in the second quarter, easily beating the consensus expected […]
The ISM Manufacturing Index increased to 46.4 in July, lagging the consensus expected 46.9. (Levels higher than 50 signal expansion; […]
Austrians are different than Keynesians. Austrians think recessions are caused by government failure, while Keynesians think they are caused by […]
Personal income rose 0.3% in June (+0.4% including revisions to prior months), lagging the consensus expected +0.5%. Personal consumption rose […]
View from the Observation Deck Today’s blog post is intended to provide insight into bond prices relative to changes in […]
Real GDP increased at a 2.4% annual rate in Q2, beating the consensus expected 1.8%. The largest positive contributions to […]
New orders for durable goods rose 4.7% in June (+4.9% including revisions to prior months), easily beating the consensus expected […]
Anyone hoping for excitement from today’s Fed statement was severely disappointed. As expected, the federal funds rate was lifted 25 […]
New single-family home sales declined 2.5% in June to a 0.697 million annual rate, lagging the consensus expected 0.725 million. […]
View from the Observation Deck As today’s chart reveals, investors tend to utilize money market funds during times of uncertainty […]
No one should be popping champagne when they see Thursday’s GDP report. The good news is that it won’t be […]
View from the Observation Deck Investors often use the level of cash held by companies, among other metrics, as a […]
