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New home sales data for April 2014 was not great – there was month-over-month growth, but this is on top of a terrible previous month (although the March data was revised upward all while the...

We continue the progression to a robotic workforce. This change is far from uniform, and some companies are better at the transition than others. Wal-Mart (NYSE:WMT) continues to be in a failure...

This week, the Congressional Budget Office (CBO) announced their current economic advisers. This got me thinking of what advice the CBO needs. CBO’s chief responsibility under the Congressional...

Recently the Federal Reserve released their April 2014 Senior Loan Officer Opinion Survey showing banks generally eased their lending policies for commercial and industrial (C&I) and...

Quite honestly, I have been downplaying ADP's monthly employment report because the methodology changed in October 2012 - and I had the feeling this report was now trying to mimic the Bureau of Labor...

Recently Fed Chair Janet Yellen and a study at the Federal Reserve of Atlanta have put a focus on the Bureau of Labor Statistics (BLS) participation rate as a good measure of...

Recent posts have shown that productivity gains are not being reflected in Joe Sixpack's paycheck.Follow up: The proof of this is shown in charts and statements such as the following: So where are...

During the past week, there has been a few more posts on income inequality. The most notable to me:John Mauldin's "When Inequality Isn't" where it is argued that increasing income inequality is a...

Even after the good gains shown for personal consumer income in January 2014, this factor continues to constrain economic expansion.There was a relatively good report issued by the BEA (U.S. Dept. of...

The economy appears to be decelerating. Consider that the advance estimate 4Q2013 GDP was 3.2% growth while GDP growth in the previous quarter (3Q2013) was 4.1%. Currently the headlines of components...

Late last week the consumer credit report for December 2013 was issued by the Federal Reserve. I am beginning to wonder if the consumer is not getting drunk again on credit. The first indication...

There have been several posts recently in cyberspace talking about the disproportionate growth of corporate earnings to the earnings of our Joe Sixpack. The graph below is indexed to the first date...

One of the common beliefs of the new normal is the demographic shift to an aging population which does not spend money – lowering the historical GDP potential. This is discussed as being one of...

The point is that a party committed to small government and low taxes on the rich is, more or less necessarily, a party committed to hurting, not helping, the poor. Will this ever change? Well,...

A recent article in the Economist suggested that there was:…… a remarkable improvement in America’s external accounts. At the end of 2005 the current-account deficit reached 6.2%...

Economic predictions are not to be taken that seriously as they are an extrapolation of today’s knowledge – and introduce significant opinion to reach a particular conclusion.Our...