Econ70

Many economic pundits are excited that the ISM Manufacturing PMI, a key manufacturing index, jumped to 49.3 (anything under 50 is contractionary) reaching its second-best reading since late 2022. Hold on to the corded kitchen telephone. It’s up because EV…

From 1999-2007, median family wealth was $50,000. From 2008 through 2014 it doubled to $100,000, where it remained through 2018. From 2019 through 2022 it vacillated substantially but nonetheless rose to $125,000. However, starting in 2023 through the end of…

The Friday File: 48% of TikTok influencers earn under $15,000/year. 9% earn between $15,000/year and $25,000/year, 7% earn between $25,000/year and $35,000/year, and 5% earn $35,000/year to $50,000/year. 11%, the biggest category, earn $50,000/year to $75,000/year, and 5% earn between…

Looking at 24Q4 GDP growth, estimates are literally all over the place. At the top end, the Atlanta Fed Nowcast model is at a robust 3.1%, while the NY Fed’s Nowcast model is at a solid 1.9%. However, the St.…

I want to wish everyone a great, risk-adjusted 2025. May it be a year of low unemployment, high wage gains, world peace, deep sleep, unbridled joy, deep love, robust health, falling inflation, a steepening yield curve, and a soft landing.…

Yesterday, President Jimmy Carter, the 39th President of the US, died. He was 100, making him the longest-lived president in US history. He was born in Plains, GA, at a hospital where his mother was a nurse, making him the…

The Friday File: The top Christmas song based on all-time Spotify royalties is Mariah Carey’s ‘All I Want for Christmas is You,’ with 2.01 billion streams resulting in $8.04 million in royalties. ‘Last Christmas’ by Wham, follows with 1.69 billion…

If you think it odd that the Fed has cut rates by 100bps over the last three months, yet 10-year Treasury rates are rising, you would be correct. The Fed has cut rates seven times since 1989, including the recent…

Inflation, as measured by the Christmas Price Index and based on purchasing each day’s items once in “The Twelve Days of Christmas,” jumped 5.4%, double last year’s 2.7%, and are a tree-topping $49,263. Birds, including partridges, doves, hens, calling birds,…

The first night of Chanukah always falls on the 24th of Kislev. But the Jewish calendar is a lunar calendar with leap months, so to keep months and seasons aligned over the last 50-years Chanukah has started as early as…