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Archives by Year:
The Trend Break In CPI
Readers [1] [2] inquired why there appears to be a trend break in (log) CPI at 2022M06. My best guess is the spike in oil prices.Figure 1: CPI (blue, left scale), core CPI (tan, left scale), and WTI oil price (bold black, right scale), all in logs, 2022M02=0. Source: BLS, EIA via FRED, and author’s calculations. While the CPI trend […]
Housing Starts Rise 5.7 Percent Following Negative 2.6 Percent Revision
Housing data from the Census Department, chart by Mish. New Residential ConstructionPlease consider the New Residential Construction Report for April 2024. Notice of Revision: With this release, unadjusted estimates of housing units authorized by building permits for January 2022 through December 2023 have been revised. Also, seasonally adjusted estimates of housing units authorized by building permits have […]
Hey Investors: Stocks Fall When The Fed Starts Cutting Rates, Says History
Image Source: Pexels When today’s guest appeared for the first time on this channel a few months ago, a star was born.Those who hadn’t yet heard of Danielle Park were impressed by both her command of the macro data and her unflinching courage to call things as she sees them.She highlighted a number of concerns about […]
DePIN is a lifeline for Bitcoin miners, says Livepeer CEO
Bitcoin (BTC) miners might turn to the DePIN ecosystem to turn mining facilities profitable after the latest halving cut block rewards to 3.125 BTC, shared Livepeer CEO Doug Petkanics with Crypto Briefing. DePIN is short for decentralized physical infrastructure network, a blockchain industry sector that brings transparency and decentralization to the real world.Petkanics highlights that […]
2% GDP Contraction Hits Japan In Early 2024
Yen. Image Source: Pixabay Japan‘s economic landscape experienced a sharp downturn in the first quarter of 2024, contracting more rapidly than anticipated. This development casts new challenges for the Bank of Japan’s strategy to shift interest rates away from their long-standing near-zero levels. Here, we delve into the factors driving this decline, the impact on monetary […]
Could We See $27,000 Gold?
Image Source: Pixabay Could we see $27,000 gold?That seems far-fetched but financial analyst and investment banker Jim Rickards makes the case that it could happen.Gold charted a big rally in recent months, hitting a new all-time high of over $2,400 an ounce last month. Even with the higher prices, gold demand has remained robust. Central banks […]
Why The Dow Jones Industrial Average Just Hit A New Record High
Image courtesy of 123rf.com The Dow Jones Industrial Average (DJIA) reached a historic milestone on Wednesday, surpassing the 40,000 mark for the first time in its nearly 128-year history. The blue-chip index, along with the S&P 500 and Nasdaq, closed at record highs, marking a significant day for the U.S. stock market. At the time of writing, the DJIA […]
Productivity Growth And The Scary Stories About Rising Retiree To Worker Ratios
Image Source: Pexels In the wake of the release of the 2024 Social Security Trustees Report, we have seen a wave of columns and news articles telling us that we won’t have enough workers to support a growing population of retirees. The story is that all of us baby boomer types are now retiring, and the […]
Mapped: The 10 U.S. States With The Lowest Real GDP Growth
While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly due to slowdowns in the manufacturing and […]
Jobless Claims Still Positive
Initial jobless claims declined -10,000 last week back into its recent range, to 222,000. The four-week moving average rose 2,500 to 217,500. With the usual one-week delay, continuing claims rose 23,000 to 1.794 million: This takes back some – but not all – of the caution raised by last week’s big jump, with the important […]
