No. 551: July New Orders for Durable Goods, New- and Existing-Home Sales
(SGS Subscription required) • In Ongoing Stagnation, Durable Goods Orders Are Suggestive of Pending Downturn • New-Home Sales Are in Renewed Contraction • Existing-Home Sales Jump But Remain of...
View ArticleNo. 553: July Trade Deficit, Construction Spending
(SGS Subscription required) • July Trade Data Remain in State of Flux • Reported Gain in July Construction Spending Was Not Statistically Significant • Brief Update on New Liquidity Numbers • A...
View ArticleNo. 647: July Employment and Unemployment, June Construction Spending
(SGS Subscription required) • Minimally Weaker-Than-Consensus Labor Numbers— Unremarkable Except for the Regular, Horrendous Reporting Quality • July Unemployment: 6.2% (U.3), 12.2% (U.6), 23.2%...
View ArticleNo. 649: July 2014 Retail Sales, Consumer Liquidity
(SGS Subscription required) • Headline July Retail Sales Were Boosted to “Unchanged,” Thanks to Downside Prior-Period Revisions • Net of Inflation, Real July Sales Likely Fell for Second Month • Real...
View ArticleNo. 651: July 2014 CPI, Housing Starts, Real Retail Sales and Earnings,...
(SGS Subscription required) • Real Retail Sales Contracted for Second Month, Signaled Deepening Recession • Real Earnings and Retail Sales Both Fell Below Second-Quarter Levels • July Annual Inflation:...
View ArticleNo. 650: July 2014 Industrial Production, Producer Price Index (PPI)
(SGS Subscription required) • Production Report Showed Somewhat Weaker Second-Quarter Activity Amidst Unusual Revision Patterns • Construction Inflation Surged in the July Shadow Government Statistics...
View ArticleNo. 652: July 2014 Durable Goods Orders, New- and Existing-Home Sales
(SGS Subscription required) • 22.6% Gain in July Durable Goods Orders Was Just 0.8%, Net of an Irregular 318.0% Surge in Commercial-Aircraft Orders • Booked Years in Advance, Commercial-Aircraft Orders...
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