consumer goods

Nastier Number Four: A Broader Industrial Base On The Wrong Side

By |2019-07-16T16:20:04-04:00July 16th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There’s always weakness even in the most booming of economies. Even in the real booms, not the 2017 hysteria kind, not all cylinders will be firing. What makes them real, however, is when the vast majority are. The concept behind globally synchronized growth was a valid one, it just never came out in practice. The [...]

US IP: May Was A Good Month And It Was Still ‘Manufacturing Recession’

By |2019-06-14T19:00:11-04:00June 14th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Whether or not a full-scale recession shows up in the US is an open question. There’s less of one in US industry. The “manufacturing recession” we last saw of Euro$ #3 is becoming clearer as a repeat property in Euro$ #4. According to the Federal Reserve, May was a relatively good month for industry – [...]

Global Doves Expire: A Hundred Years of US IP Give Bond Market Another Win

By |2019-05-15T16:34:54-04:00May 15th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Federal Reserve has been maintaining statistics on American industry for nearly as long as there has been a Federal Reserve. The first entry in the data series on Industrial Production is for the month of January ’19. Not 2019 but 1919. With over a hundred years of relatively consistent data, matching up very well [...]