Despite Upward Revisions, Sentiment Still Looks Pretty Poor
Final May figures for Michigan survey are out. As noted in the release, final figures are more positive with the inclusion of post-pause...
Business Cycle Indicators as Reported at May’s End
Consumption level is revised downward, while personal income ex transfers continues to rise. Manufacturing and trade sales rise in March. First is a...
Will the Courts Save Trump from His Tariffs?
The US Court of International Trade has acted to block pretty much all of President Trump’s tariffs. I guess the first question...
Stephen Moore Critiques the CBO
Mr. Moore continues his reign of (economic) errors, now tackling the CBO’s (and JCT’s) record on predictions, in “Save us from the CBO”
…Mr....
Permitting Reform: The Supreme Court Weighs In
The National Environmental Policy Act, commonly known as NEPA, requires that large projects obtain federal environmental permits if they cross state borders or...
What Does a Rising Long Term US Government Yield Mean?
I was thinking about this, as people were remarking on how the 30 year bond was rising.
First, let’s think of how the long...
Economic Activity: GDP, GDO, GDP+, Final Sales
As of 2nd release for 2025Q1.
Figure 1: GDP (bold black), GDO (light blue), GDP+ based on 2022Q4 GDP (tan), final sales (red), all...
