Misunderstanding Savings Rate: Still Negative
This evening, I read Michael Brush’s column Americans Still Have Saving Grace. He argues that "Are we really dipping into our...
Jobs & Wage Data: the “Nuanced Economy”
Let’s call the job and wage data somewhat contradictory. Perhaps nuanced is a better word. Understanding why the series has...
“Priced out of Brooklyn”
Is NYC a Microcosm of the U.S.? I would never had thought so. Manhattan is totally unlike the rest of the nation. I always loved...
LEIs Continue to be Worthless
More absurdity from the people who ruined an otherwise adequate indicator: "Six of the 10 indicators that make up the index...
Top US Patent Recipients for 2005
Each year, the US Patent office releases its annual list of top 10 global private sector patent recipients. Listed below are the 10...
How Strong is this Jobs Recovery?
The White House, Treasury Secretary Snow, and Labor Secretary Elaine Chao have been pointing out that the American economy has created...
Chart of the Week: NYSE Seats versus S&P500
The current prices that are being paid for NYSE seats are much higher than they have been relative to the S&P500. If the historical...
Headlines versus Underlying Data
I sometimes think I live in a different planet than some people. My friend Cody, for instance, lives in a very different economic world...
WSJ: Holiday Sales Numbers Don’t Add Up
The WSJ agrees that one cannot determine actual sales from a sentiment report: Here’s how the NRF’s polling company,...
New Home Sales Data: Don’t rely On It Either
Here we go again: Yesterday’s New Home Sales data of plus 13% month over month was . . . how shall I politely phrase this . . ....