Managing Partner at Econintersect LLC
Contributor's Links: Global Economic Intersection

Steven Hansen, Publisher and Co-founder of Econintersect, is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and ... more

ALL CONTRIBUTIONS

June 2020 New York Fed Weekly Economic Index (WEI): Index Declined And Remains At Recession Levels
The New York Fed's Weekly Leading Index (WLI) declined and continues to show an economy that is significantly worse than seen during the Great Recession.
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May 2020 Pending Home Sales Record Comeback
The National Association of Realtors (NAR) seasonally adjusted pending home sales index had a record recovery from coronavirus shutdown - but the index remains in contraction.
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June 2020 ECRI's WLI Improvement Continues But Continues In Contraction
ECRI's WLI Growth Index which forecasts economic growth six months forward improved remains deep in contraction and remains at a level at the values seen during the Great Recession.
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Trucking Industry Growth Marginally Improved In May 2020
Headline data for the American Trucking Association and the CASS Freight Index show that truck volumes marginally improved but show the year-over-year growth deep in contraction.
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May 2020 Leading Economic Index Somewhat Improves - Recovery Path Highly Uncertain
The Conference Board Leading Economic Index (LEI) for the U.S.increased 2.8 percent in May to 99.8 (2016 = 100), following a 6.1 percent decline in April, and a 7.5 percent decline in March.
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Rail Week Ending Saturday, June 13 - Slight Improvement But Remains Deep In Contraction
Week 24 of 2020 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads traffic data.
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Comments

Latest Comments
January 2019 Beige Book: Reading Between The Lines - Rate Of Economic Expansion About The Same
1 year ago

it depends how long the shutdown lasts - we are now in uncharted territory. Up to now, the effect is minimal

October 2018 Conference Board Consumer Confidence Modestly Improves
1 year ago

spending growth is relatively strong: econintersect.com/.../release.php

Note that in the advance 3Q2018 GDP - personal consumption expenditures was higher than 2Q.

it is income growth that is weakening.

February 2018 Headline JOLTS Job Openings Unchanged
2 years ago

Yah, indicators are moving in several directions - this may turn out to be a soft year after all.

August 2017 Headline Business Sales Improved
2 years ago

correct and the rolling averages slowed

Joe Sixpack's Situation In 2Q2017: The Average Joe Is Better Off
2 years ago

Absolutely - the lower end is just surviving from hand-to-mouth and this group is growing

April 2017 ADP Job Growth Is 177,000 - Near Expectations
3 years ago

your comment in this context is spot on.

April 2017 ADP Job Growth Is 177,000 - Near Expectations
3 years ago

this is a complex issue - i have a post which will be published on Saturday that details my position. most economists believe we are near full employment due to a demographic shift of the population [i do not but the demographic shift needs to be considered when using participation rates].

November 2016 Consumer Credit Headlines Say Year-Over-Year Growth Rate Accelerated
3 years ago

Agreed - to me it indicates that consumer spending growth is limited because of credit (especially with interest rates modest increase)

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Work Experience

Managing Partner
Econintersect LLC
March 2010 - Present (10 years 6 months)
Economic analysis for business.
President
Nesnah Associates Enterprises Limited
January 1995 - June 2010 (15 years 8 months)
Construction Contracting consultant, financial holdings, and yacht charters.

Education

California Polytechnic State University-San Luis Obispo
B.S.
1967 / 1971
Industrial Technology
San Luis Obispo High School
1964 / 1967

Publications