Econ70

Since 1/1/1978, there have been five inversions between 3-month and ten-year Treasuries. Each inversion lasted months, moreover each recession began, on average, 627 days after the initial inversion. The shortest gap: 293 days, the longest, 1,073 days. Assuming the current…

30 years ago today the Chinese government murdered hundreds, if not thousands, of student protestors across China, but particularly in Tiananmen Square, agitating for nothing more than freedom and democracy. In China, this event has been completely expunged. The Tiananmen…

Trump’s threat of up to 25% tariffs on Mexican imports is shocking! In 2018, total trade with Mexico, our third largest trading partner, was $611.5 billion! Moreover, two-thirds of US-Mexico trade is between factories owned by the same firm. Think…

The Friday File: The average retail price of an ounce of high quality weed in the US is $326, and a joint of the same quality costs $7.59. DC has the highest priced dope at $597.88/oz, followed by ND at…

After record auto sales of 17.40 million in 2015 and another record year of 17.47 million in 2016, auto sales slipped in 2017 and 2018 to 17.14 million and 17.19 million, respectively; good but not great numbers. YTD, sales are…

April new home sales came in at a decent seasonally adjusted annual rate of 673,000. New sales each month this year have been above their 2018 levels and new home sales are now at levels last seen in the mid-1990s.…

China could reduce its Treasury holdings to signal displeasure with US trade policy, but I doubt it. In 2015 and 2016, foreign nations dumped lots of Treasuries and nothing happened. Moreover, where would the Chinese invest the money? Repatriating it…

The Friday File: 2.5% of American order steak rare, 22.5% request theirs medium-rare and 37.5% ask it be medium. Medium-well is requested 25.8% of the time, and well done 11.7%. The cut grilled least, prime rib with almost 40% of…

Since 2014, thanks to cord-cutting due to streaming services, non-sports TV viewership has declined 11% at NBC to 6.8 million persons, 22% at CBS to 8.3 million, 25% at ABC to 5.9 million, and 27% at Fox to 4.2 million.…

Since 1896, the Dow has fallen by 2% or more in a day 1,011 times, or an average of once every 33 trading days, or an average of 7.6 times a year. That means that with the Dow now at…