auto sales

Just The One More Boom Month For IP

By |2018-10-16T18:20:29+00:00October 16th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The calendar last month hadn’t yet run out on US Industrial Production as it had for US Retail Sales. The hurricane interruption of 2017 for industry unlike consumer spending extended into last September. Therefore, the base comparison for 2018 is against that artificial low. As such, US IP rose by 5.1% year-over-year last month. That’s [...]

Now Back To Our Regularly Scheduled Economy

By |2018-10-15T12:03:00+00:00October 15th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The clock really was ticking on this so-called economic boom. A product in many economic accounts of Keynesian-type fantasy, the destructive effects of last year’s hurricanes in sharp contrast to this year’s (which haven’t yet registered a direct hit on a major metropolitan area or areas, as was the case with Harvey and Irma) meant [...]

Further Diverging Productions

By |2018-09-14T16:39:40+00:00September 14th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Industrial Production in the United States increased by 4.9% year-over-year in August 2018. That’s the best for American industry in 92 months going all the way back to December 2010. Hurray for the boom. As with retail sales, August was in position for the best possible monthly comparison. Unlike retail sales, IP has another month [...]

Recent Concerning Consumer Credit Trends Carry On Into April

By |2018-06-07T18:04:38+00:00June 7th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

US consumers continue to recover from their debt splurge at the end of last year. Combined with still weaker income growth, the Federal Reserve estimates that aggregate revolving credit balances grew only marginally for the fourth straight month in April 2018. To put it in perspective, the total for revolving credit (seasonally adjusted) is up [...]

Some Things Will Not Change, And That’s Why Nothing Changes

By |2018-06-06T16:20:13+00:00June 6th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Auto sales improved only slightly in May 2018 from more dismal results over the prior few months. Unit and retail sales were projected to be +3.5% year-over-year last month. Almost immediately, these numbers (really just the plus sign) were celebrated as clear evidence that consumers were spending in true boom fashion. Encouraged by a strong [...]

Globally Synchronized Asynchronous Growth

By |2018-05-16T16:17:26+00:00May 16th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Industrial Production in the United States rose 3.5% year-over-year in April 2018, down slightly from a revised 3.7% rise in March. Since accelerating to 3.4% growth back in November 2017, US industry has failed to experience much beyond that clear hurricane-related boost. IP for prior months, particularly February and March 2018, were revised significantly lower. [...]

It’s Seems A Pretty Big Deal Ford’s New Focus Won’t Have A Focus

By |2018-04-26T19:11:22+00:00April 26th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Why isn’t Ford’s news getting a bigger reaction? This was no small announcement, essentially a retooling of its entire business. The company will, in effect, no longer build and sell cars; at least not cars as we think of them. The Mustang, it appears, will be the lone survivor among that category, but the Taurus [...]

Why The Last One Still Matters (IP Revisions)

By |2018-04-18T14:58:16+00:00April 18th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Beginning with its very first issue in May 1915, the Federal Reserve’s Bulletin was the place to find a growing body of statistics on US economic performance. Four years later, monthly data was being put together on the physical volumes of trade. From these, in 1922, the precursor to what we know today as Industrial [...]