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

July 2020 Import Year-Over-Year Inflation Now -3.3%
Year-over-year import price indices inflation remained in contraction and moved from -3.9 % to -3.3 %.
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July 2020 CPI: Year-Over-Year Inflation Rate Grows To 1.0%
According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 1.0 % year-over-year (up from the reported 0.6 % last month). The year-over-year core inflation (excludes energy and food) rate worsened from 1.2 % to 1.6 %.
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July 2020 Producer Price Final Demand Year-Over-Year Growth Remains In Contraction
The Producer Price Index (PPI) year-over-year inflation contraction moderated from -0.8 % to -0.4 %.
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July 2020 BLS Jobs Situation - Employment Grew 1,763,000 But Still Down 12,572,000 Year-To-Date
The headline seasonally adjusted BLS job growth showed a very good job gain but still under expectations, with the unemployment rate improving from 11.1% to 10.2 %.
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Rail Week Ending Saturday, August 1 - July Down 9.3% Year-Over-Year
Week 31 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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August 2020 Economic Forecast - Some Improvement But The Pandemic Stopping Any Real Recovery
A recession ends when the economy begins to recover - and the economy is definitely recovering albeit still in contraction year-over-year.
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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 7 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