Business Employment Dynamics & NFP
On Thursday, we discussed another employment measure, assembled from the quarterly census of state unemployment insurance records. This...
Another Look at New Home Sales
As we wait for the 10:00 am Existing Home Sales Data (I will be on the beach by then) let’s have yet another look at the New...
New Home Sales Up (but beware double digit monthly gains)
Commerce Department reported that April new-home sales jumped an unexpected 16.2% — the biggest monthly gain in 14 years. The year...
WSJ: Overstated Job Market Strength?
We have long stated that the official BLS data was a rather artificially optimistic assessment of the actual employment picture. Our...
OER / CPI and New York Rentals
Can CPI go lower, regardless of what inflation actually does? Yes, according to Barclay’s Capital Research (whic we cited earlier)....
OER, CPI and the Fed: A Strange Love Story
What do apartment rents in NYC have to do with Federal Reserve policy, interest rates, and rising bond yields? According to a recent...
The Value of the Dollar
This week’s Up and Down Wall Street looks at a recent analysis out of QB Partners. They are a hedge fund run by Lee Quaintance and...
Housing is Falling Much Faster than Reported
Real Estate Consultant John Burns has looked at the housing data and reached a rather interesting conclusion: "The housing market...
Inflation Errors (Part II)
Yesterday, we looked at a way to measure actual Inflation: Comparing the "spread" between the Headline CPI data, and that of...
Want to Measure Actual Inflation? See the Core/Headline CPI Spread
As we have previously discussed, inflation remains contained to the rest of the world ex-USA. Globalization be damned, there may be rapid...