It was very cold across much of the United States in February in parts of it that usually don’t freeze up – literally and figuratively. While electricity in Texas garnered most of the attention, the weather was just as bad in many other states across the typically mild wintering South. Undoubtedly, last month was an exception to the seasons’ status [...]
The use of weather as an economic excuse, obviously, is meant as a way of avoiding uncomfortable questions and factors. The incongruence of the attempt was most egregious in what came to be known as the Polar Vortex of Q1 2014. The weather was unusually cold, to be sure, but that doesn’t account for why so many economic statistics suddenly [...]
Wholesales sales are right back on track again after two months of being affected by the calendar. After rising 0.8% in February and 0.6% in March, sales declined by 5.3% Y/Y in April. For the first four months of the year combined, wholesale sales were down nearly 3% compared to the first four months of last year. Since sales in [...]
This post will include an excess of charts and graphs, ostensibly to put to rest any weather notions as well as highlight the macro component of what is clearly economic dysfunction. The beginning of 2013 was bad in its own right, but the excuses laid then pertained to QE’s lag (as well as winter grumbling). Since QE3 wasn’t inaugurated until [...]
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