Income

Income Revisions Ironically Detect The BOND ROUT!!! But Not The LABOR SHORTAGE!!!

By |2019-07-29T18:01:16-04:00July 29th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Chairman Powell’s hawkishness, so called, has made its way into the historical revisions for Personal Income estimates. The Bureau of Economic Analysis (BEA) released today the annual benchmark revisions to NIPA, the National Income and Product Accounts, which apply to Personal Income and Personal Spending. We’ve already seen the results for GDP and underlying data [...]

Payrolls Like GDP: Headlines Good, Underneath Really, Really Not

By |2019-05-03T12:24:30-04:00May 3rd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If the unemployment rate reaches zero and wages still don’t explode higher, the economy falls off, will Economists, central bankers, and the media stop relying on this one statistic for overall economic interpretation? You can be reasonably excited when the unemployment rate falls below 5%, as it did four years ago. Three point six, however, [...]

Auto Sales The Lowest In Half A Decade, Just Coincidence FCA Will Join Ford, GM Ditching Monthly Sales Estimates

By |2019-05-02T17:37:15-04:00May 2nd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

FCA, formerly Fiat-Chrysler, is the latest automaker to switch from a monthly sales report. Joining GM and Ford, beginning in October all three of Detroit’s big car companies will be publishing quarterly sales figures. The announcement comes at an auspicious moment. As with the other two, FCA claims the change is being done in the [...]