Econ70

There are 62 weeks to go until the Democratic convention in Milwaukee. Based on public polling dating back to 1980, polls taken this early have the eventual nominee in first place just 35% of the time. However, these early polls…

The Friday File: The top single of 1979, forty years ago, was My Sharona by the Knack; written by band lead Doug Fieger. The single sold 500,000 copies and went gold within weeks of its 6/79 release. It reached #1…

From 2009 through mid-2012, weekly earnings for those with less than a high school diploma declined. From then through late-2017, their wages improved and grew at the same rate as the wages of all others. Since late-2017, their wages have…

In 5/18, lumber futures hit $640/1,000 board feet. By 10/18, they were half and have largely remained there; mills are closing. New home construction has reduced GDP for five straight quarters and is 3.76% of GDP. At the peak of…

The number of spam and spoof calls received by Americans has risen from 3.7% of all calls in 2017, or 100 calls/person, to 29.2% in 2018, and is expected to reach half of all calls by year end 2019. At…

There were 263,000 new jobs created in April, with all sectors but retail gaining. This strong growth is more proof of a solid economic rebound after a tough start to 2019. While pay rose 3.2% Y-o-Y, wage increases have been…

The Friday File: The superhero movie Avengers: Endgame grossed an amazing $1.2 billion in its first five days of release; $350 million came from the US and Canada. Avengers is already the 18th highest global grossing movie and could become…

With Lyft now public and Uber following soon, we know both have lost about $11 billion since 2009, with no end in sight to losses as they reduce fares to gain share. But brutal competition makes ride hailing a commodity…

During the brief economic downturn late last year, bond yields fell along with equities because there was fear the economy was slowing, corporate profits were weakening, and inflation was expected to fade. Now, the stock market is at a record…

In 2005, sales of drop-tops peaked at 344,000, 2% of sales. During the recession sales collapsed and haven’t recovered. In 2014, sales were 124,000 and are on pace to hit just 86,000 this year, half-a-percent of total vehicle sales. Sales…