Wednesday, May 18, 2022 10:21 AM EDT
Housing permits and starts declined, but not by much, in April.
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PERSONAL BLOG
All three time frames remain very positive, as they have been for the past month or better. But for the first time, political risk must be mentioned as a factor in the near-term picture.
I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available.
I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available.
Stocks, bonds, and commodities all appeared to grope for a deflationary bottom this past week. Meanwhile, the only "hard" data that likely showed coronavirus impact as a significant further deterioration in intermodal rail shipments.
I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available.
Weekly High Frequency Indicators: Coronavirus And A Jump In Regional Manufacturing Take Center Stage
New orders as reported by the regional Fed bank jumped to their best level since 2018. But this was overwhelmed by the impact of the coronavirus pandemic scare on bonds and commodities in particular.
I look at the high frequency weekly indicators because, while they can be very noisy, they provide a good nowcast of the economy and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available.
In view of the military carrying out Trump’s order to kill an Iranian general, I thought I would weigh in on the issue of the war-making power historically by republics.
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