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December Retail Sales Soar on Autos

December 2016 retail sales increased by 0.6% and are up a whopping 4.1% from a year ago.  November's retail sales were revised to a 0.2% monthly increase.  The reason for December.....»»

Category: blogSource: ECONOMICPOPULISTJan 17th, 2017Related News

Producer Prices Up 0.3% in December, Unprocessed Goods Spike 8.3%

The seasonally adjus.....»»

Category: blogSource: ECONOMICPOPULISTJan 16th, 2017Related News

December Unemployment Report Looks Static

The December 2016 unemployment report looks almost static as changes in most of the statistics are small.  The unemployment rate ticked up by 0.1% to 4.7%.  Those employed increased by 63,000 a very small monthly number.  Those unemployed mont.....»»

Category: blogSource: ECONOMICPOPULISTJan 11th, 2017Related News

Hollywood Liberals, Would You Please Shut Up!

"Hollywood is crawling with outsiders an.....»»

Category: blogSource: ECONOMICPOPULISTJan 9th, 2017Related News

Further Deterioration of Trade Deficit in November Means A Bigger Hit to 4th Quarter GDP

The Census .....»»

Category: blogSource: ECONOMICPOPULISTJan 9th, 2017Related News

The World is Nuanced

History is n.....»»

Category: blogSource: ECONOMICPOPULISTJan 7th, 2017Related News

Trumpen Proletarians Unite!

You have something to lose: your overtime! Forgetful of the support of working class voters in the election, Mr. Trump will nominate an opponent of the Obama Administration’s new overtime rule, Mr. Andy Pudzer, for Se.....»»

Category: blogSource: ECONOMICPOPULISTJan 3rd, 2017Related News

US gasoline production at record levels, but supplies are still dropping on record exports

Even with a record high in our gasoline production, the EIA reported that our gasoline supplies fell by 1,593,0.....»»

Category: blogSource: ECONOMICPOPULISTJan 2nd, 2017Related News

Case-Shiller Shows Housing Unaffordable

The October 2016 S&P Case Shiller home price index shows a seasonally adjusted 5.6% price increase from a year ago for the 20 metropolitan housing m.....»»

Category: blogSource: ECONOMICPOPULISTJan 1st, 2017Related News

3rd Quarter GDP Revised to Indicate Growth at a 3.5% Rate

The Third Estimate of our 3rd Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services increased at a 3.5% annual rate, revised from the 3.2% growth rate r.....»»

Category: blogSource: ECONOMICPOPULISTDec 26th, 2016Related News

CPI Increased 0.2% As Gasoline Prices and Rents Rise

The November Consumer Price Index increased by 0.2%.  Once again, the main causes are shelter, which increased 0.3% for the month and gasoline, which rose 2.7% for the month.  Food inflation .....»»

Category: blogSource: ECONOMICPOPULISTDec 25th, 2016Related News

Trump Plus Russia Equals Double the Crazy

Donald Trump makes some otherwise reasonable people crazy. Russia and Putin make some otherwise reasonable people crazy. Combine the two and for some people it’s double the crazy. Share.....»»

Category: blogSource: ECONOMICPOPULISTDec 19th, 2016Related News

Oil Production Cuts Could Result in 600,000 Barrel Per Day Global Deficit in First Half of 2017

We finally have some details on the secondary agreement to cut oil production that came out of that meeting of Russia and other non-OPEC oil producers last Saturday. That agr.....»»

Category: blogSource: ECONOMICPOPULISTDec 19th, 2016Related News

PIMCO Metaphors

Reuters published an item on a PIMCO report predicting a 2 - 2.5% increase in gross domestic product during 2017. I didn’t read the report (the item doesn’t have a link), as I was put off by the following excerpt: Pimco, a unit of Allianz SE (ALVG.DE).....»»

Category: blogSource: ECONOMICPOPULISTDec 17th, 2016Related News

H-1B and Related Guest Worker Visa Reform

Last night’s blog post was titled, “You Can’t Fix It If You Don’t Understand It,” in which I showed that the industry lobbyists are so deft at presenting a misleading view of the H-1B work visa, and policymakers and worker advocates are so .....»»

Category: blogSource: ECONOMICPOPULISTDec 15th, 2016Related News

Party Over on Cheap Debt

The Federal Reserve raised the federal funds rate from 0.5 to 0.75 percent.  That means the party might be over on cheap interest rates, especially mortgages.  Yet according to the Wall Street Journal, markets do not always follow the Federal Funds .....»»

Category: blogSource: ECONOMICPOPULISTDec 15th, 2016Related News

Elite Anti-Trump Hysteria is an Act

Recently, my news feed and social media feed have been inundated with story after story about Russia “hacking” the election, the Electoral College going rogue and blocking Trump reaching the requisite 270, “briefing” the Electoral College on the R.....»»

Category: blogSource: ECONOMICPOPULISTDec 15th, 2016Related News

The 18% Jump in Our October Trade Deficit Portends a Big Hit to Q4 GDP

Our trade deficit rose by 17.8% in October as the value of our exports decreased and the value of our imports increased.  The Census report on our international trade in goods and services for October indicated that our seasonally adjusted goods and serv.....»»

Category: blogSource: ECONOMICPOPULISTDec 12th, 2016Related News

Patched Up? Or Patched Over?

What Speaker Ryan said on 60 Minutes last weekend about letting “bygones be bygones” with President-Elect Trump may only be partly true. There are certainly contradictions within the Republican party as a whole. But as between these two individuals, b.....»»

Category: blogSource: ECONOMICPOPULISTDec 7th, 2016Related News

The Uber Low Unemployment Rate Isn"t All That it is Cracked Up to Be

The November 2016 unemployment report shows continuing distorted monthly unemployment figures.  The unemployment rate ticked down by -0.3% to 4.6%, a nine year low, but this isn't the great news as many proclaim.  The reason the unemployment rate drop.....»»

Category: blogSource: ECONOMICPOPULISTDec 5th, 2016Related News