The Bowtie Economist's Daily Dose of 70-Word Wisdom


DISASTER DOLLARS

05/21/2024

In 2013 and 2014, the number of weather/climate disasters exceeding $1 billion inflation-adjusted was 10. In 2017, the number hit 19, in 2020 it was 22, and after declining to 20 in 2021 and 18 in 2022, the number reached…

Read More

DYNAMIC DOW

05/20/2024

It took the Dow Jones Industrial Average 873 trading days to go from 30,000 on 11/24/20 to 40,000 on 5/16/24. The largest contributor to the increase was Goldman Sachs, which contributed 1,500 of the 10,000-point gain. Microsoft and Caterpillar both…

Read More

JURASSIC JAMBOREE

05/17/2024

The Friday File: Drumheller, Alberta’s attempt to set the record for the largest gathering of people dressed as dinosaurs, failed due to high turnout. While a Guinness World Records adjudicator was present and counted over 3,000 people, they all had…

Read More

SLOW SALES

05/16/2024

April real retail sales were flat M-o-M and Y-o-Y, extending a trend of mildly slowing sales. After jumping 15% due to Covid, retail sales remained strong through 1/23 but have weakened slightly as post-Covid services spending has, unsurprisingly, risen. Additionally,…

Read More

INFLATION IMPROVES

05/15/2024

Inflation eased slightly in April. The CPI rose 3.4% Y-o-Y, down from 3.5% in March. Similarly, core-CPI rose 3.6% Y-o-Y, the lowest rate since 4/21 and down 3.8% M-o-M. However, both the CPI and core-CPI rose 0.3% M-o-M, much too…

Read More

MANIACAL MEMES

05/14/2024

In what can only be described as insanity, meme stocks such as GameStop, AMC, Blackberry, and Beyond Meat, are once again making headlines with their sudden rapid price appreciation. Monday, GameStop rose 74%, and AMC 78%. Since 5/1/24, GameStop is…

Read More

LOTSA LOCK

05/13/2024

Recent research shows that for every percentage point that mortgage market rates exceed the rate currently enjoyed by the homeowner, the probability of sale is reduced 18.1%. This led to a 57% reduction in home sales with fixed-rate mortgages in…

Read More

CHICKEN CHAINS

05/10/2024

The Friday File: Between 19Q1-24Q1 the market share of fast casual and quick service restaurants (QSR) that primarily sell chicken rose from 13.4% to 15.3%. Conversely, those selling primarily burgers declined from 61.3% to 60%, and the percentage specializing in…

Read More

DEFLATING DATA

05/09/2024

The Fed is calling for real GDP growth of 2.1% in 2024 and 2% in 2025. Simultaneously, the nonpartisan Congressional Budget Office estimates that potential GDP, that is the increase in the labor force plus the impact of rising productivity,…

Read More

SUPERB SUPPLY

05/08/2024

In another sign that inflation should soften, the NY Fed’s Global Supply Chain Pressure Index declined from -0.30 in March to -0.85 in April. It’s been below zero each of the last five months and 12 of the last 13…

Read More

Recent Posts

Categories

Archives