Econ70

While the yield on two-year Treasuries is up due to Fed action, and ten-year Treasuries are up due to small observed rises in inflation readings that are overdue – which markets may be reading too much into – inflation-linked rates…

The Friday file: The six-pack was invented in 1923 by the Coca-Cola company to spur sales. While the first beer company to sell product in six-packs is hotly debated, the plastic six-pack ring currently used was invented in 1960 in…

After setting records in 2015 and 2016, car sales slipped 1.8% in 2017, the first decline since the recession. One reason, the huge number of three-year old leased cars that are off-lease. The price gap between those vehicles and new…

17Q4 is shaping up to be surprisingly strong, with US GDP growth possibly as high as 3% for the third straight quarter. Employment growth is solid, auto sales are down but still strong, construction spending is good, surveys of manufacturers…

In 2017, 1.2 million houses were started. While that’s double the number of starts in 2009, the worst year on record, it’s still 400,000 starts below what’s needed based on population, job growth, and teardowns. This means we’re currently underbuilt…

While December’s net job growth of 148,000 was slightly disappointing, it’s understandable given the dearth of unemployed workers! To wit, the unemployment rate for African Americans hit 6.8%, its lowest level since record keeping began in 1972, and the rate…

The Friday File: For the first time, a majority of Democrats, 72%, Republicans, 51%, and independents, 67%, support legalizing recreational marijuana. Collectively, 64% of the population backs legalization. As recently as 2004, only 35% of Democrats, 20% of Republicans and…

Through 12/21/17, President Trump signed 94 bills into law, slightly fewer than the 102 George W. Bush signed, putting Trump in 10th place compared to the nine most recent occupants of 1600 Pennsylvania Avenue whose terms coincided with the start…

Economist expect Treasury rates to rise going forward; here’s why. Government debt sales are set to double to $1.3 trillion in 2018, tops since 2010. Moreover, the Fed will be shrinking its balance sheet and will thus be a net…

The nation with the highest debt-to-GDP ratio in the world is Japan, where the ratio is an astonishingly high 240.3%. Greece follows with a ratio of 180.2%. Italy is third at 133% and then comes Portugal at 125.7%. While Spain…