Taking the Under, once again, on NFP
I am once again taking the Under on the Economist’s consensus of 185,000 increase in payroll jobs. I still believe the April data...
PMI disappoints
somehow, this never went live on June 2nd — I am reposting it now, on June 3, 10:56am U.S. manufacturing expanded at a...
Weekend Wrap Up
Add weatherman to the list of prognosticators (including economists and strategists) who often get it wrong. Despite the forecasts for a...
Half of New Jobs Are Real Estate Related
Did that title get your attention? Its barely an exaggeration: We’ve discussed — quite extensively — how stimulus...
Conundrum Revisited
There were several things we didn’t get to discuss last night regarding the Conundrum discussion. 1. Demand and Supply...
What’s the U.S. Savings Rate Really?
> Are we spenders or savers? That’s a significant question looked at by Dan Gross in the Sunday NY Times. Its an issue that has...
How Housing Lowers CPI
Tony Crescenzi had an interesting article on RealMoney this week. In it, he notes that as the housing market soars, it ends up knocking...
Interest Only Loans, 1.00% Mortgages
One of my favorite econopundits, the Penobscot Princess (still running in stealth mode), penned an intriguing dissertation on the...
Comparing Real Estate with Equity Market Capitalization
We previously noted the issue of any asset class which approaches 140% of GDP. Mike Panzner does the same comparison, but from a...
Regional Surveys, LEI show Growth Slowing
Michael Panzner draws our attention to the Fed’s Regional surveys — which have been showing signs of ongoing weakness. click...