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Housing Starts Vs Completions Looks Ominous For The Economy
Article By:
Mish Shedlock
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Thursday, May 16, 2024 5:26 PM EDT
Housing completions have surpassed housing starts. History suggests bad things follow. But what’s happening this time?
April Housing: Uh-Oh, Housing Units Under Construction Has Stopped Levitating
Article By:
New Deal Democrat
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Thursday, May 16, 2024 4:31 PM EDT
Housing units under construction declined -1.4% in April, after a -1.1% decline in March.
Business Cycle Indicators Mid-May
Article By:
Menzie Chinn
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Thursday, May 16, 2024 3:45 PM EDT
The latest Weekly Economic Indicators (for releases through May 11) indicates a jump above 2%, to 2.16%.
The Trend Break In CPI
Article By:
Menzie Chinn
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Thursday, May 16, 2024 2:24 PM EDT
While the CPI trend breaks at 2022M06, matching the peak in oil prices, core CPI doesn’t such evidence.
Housing Starts Rise 5.7 Percent Following Negative 2.6 Percent Revision
Article By:
Mish Shedlock
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Thursday, May 16, 2024 2:12 PM EDT
The word of the day is revision. The Census Department revised housing starts and permits all the way back to 2017.
Hey Investors: Stocks Fall When The Fed Starts Cutting Rates, Says History
Video By:
Adam Taggart
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Thursday, May 16, 2024 2:00 PM EDT
Stress cracks in the economy are now much more clearly visible.
2% GDP Contraction Hits Japan In Early 2024
Article By:
Finance Brokerage
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Thursday, May 16, 2024 1:49 PM EDT
Japan‘s economic landscape experienced a sharp downturn in the first quarter of 2024, contracting more rapidly than anticipated.
In this article: EWJ
Productivity Growth And The Scary Stories About Rising Retiree To Worker Ratios
Article By:
Dean Baker
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Thursday, May 16, 2024 1:13 PM EDT
Productivity growth is hugely important for living standards, but the reality is that we are very bad at figuring out ways to speed it up.
Mapped: The 10 U.S. States With The Lowest Real GDP Growth
Article By:
Jeff Desjardins
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Thursday, May 16, 2024 1:02 PM EDT
While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.
Jobless Claims Still Positive
Article By:
New Deal Democrat
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Thursday, May 16, 2024 12:51 PM EDT
Although the recent trend is tending towards the negative, as of now both initial claims comparisons remain positive for the economy.
Six Of Eight Fed Inflation Categories Are Above The 12-Month Trend
Article By:
SchiffGold
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Thursday, May 16, 2024 12:29 PM EDT
The YoY CPI has been near the low 3% range since June of last year but it has picked back up over the last two months. This is not unexpected as the 0.09% monthly increase from March of last year fell off.
They Were Completely Wrong, But...
Article By:
David Moenning
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Thursday, May 16, 2024 11:34 AM EDT
Corporate America got the recession call wrong. Very wrong. But because everyone was so sure an economic downturn was inevitable, companies large and small worked hard to cut costs.
In this article: SPY
April CPI: Worst Good News Ever
Article By:
Stefan Gleason
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Thursday, May 16, 2024 10:40 AM EDT
The monthly rise in prices based on the Consumer Price Index came in slightly lower than projected, sending a wave of euphoria across the financial landscape.
US Dollar Correction: Not The Time For A Bigger Sell-Off Yet
Article By:
Stephen Innes
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Thursday, May 16, 2024 10:30 AM EDT
The US dollar has undergone a correction following the release of the recent US CPI report.
In this article: UUP