Economy

From Michelle Meyer at Merrill Lynch: Will April showers bring May flowers? We have all been waiting for the weather to unleash stronger economic activity, particularly for the...

Calculated Risk   1 day 13 hours ago

LA area Port Traffic: Up year-over-year in March, Exports at New High

Container traffic gives us an idea about the volume of goods being exported and imported - and possibly some hints about the trade report for March since LA area ports handle...

Calculated Risk   1 day 16 hours ago

Hotels: Strongest Year since 2000

From HotelNewsNow.com: US hotels report strong weekly RevPAR The U.S. hotel industry posted positive results in the three key performance measurements during the week of 6-12...

Calculated Risk   1 day 21 hours ago

From the Philly Fed: April Manufacturing Survey Manufacturing activity in the region increased in April, according to firms responding to this month’s Business Outlook...

Calculated Risk   2 days ago

Some more data from DataQuick: California March Home SalesAn estimated 32,923 new and resale houses and condos sold statewide in March. That was up 28.2 percent from 25,680 in...

Calculated Risk   2 days ago

The Sad Demise of Collegiate Fun

A few years ago, the psychologist Peter Gray released a fascinating—and sobering—study: Lack of free play in millennials’ overscheduled lives is giving kids anxiety and...

Slate Magazine - Moneybox   3 days ago

The Case of the Closely Watched Courtesans

An hour with a prostitute costs on average $150, though prices can range from as low as $5 for a single sex act to $1,000 an hour, the going rate for “high-end” online escort...

Slate Magazine - Moneybox   3 days ago

Economist Tom Lawler sent me the preliminary table below of short sales, foreclosures and cash buyers for several selected cities in March.From CR: Total "distressed" share is...

Calculated Risk   2 days ago

From Fed Chair Janet Yellen: Monetary Policy and the Economic Recovery. Excerpts: Is there still significant slack in the labor market?...I will refer to the shortfall in...

Calculated Risk   2 days ago

Fed: Industrial Production increased 0.7% in March

From the Fed: Industrial production and Capacity Utilization Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. The rise in...

Calculated Risk   3 days ago

Housing Starts at 946 Thousand Annual Rate in March

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8...

Calculated Risk   3 days ago

I’ve been blogging for over seven years… this is just an experiment, and unlikely to be repeated.  Here goes: Have you ever read through comment streams on major...

The Aleph Blog   3 days ago

A reminder of a friendly bet I made with NDD on housing starts in 2014: If starts or sales are up at least 20% YoY in any month in 2014, [NDD] will make a $100 donation to the...

Calculated Risk   3 days ago

52% Say Taxes Too High, 54% Say Taxes Fair; Too High But Fair?

A curious result from a Gallup survey on taxes shows 52% Say Taxes Too High, 54% Say Taxes Fairclick on either chart for sharper imageQuestion #1: Do you consider the amount of...

Mish's Global Economic Trend Analysis   4 days ago

Ukraine Hikes Discount Rate from 6.5% to 9.5%, Overnight Rate to 14.5% to Halt Crash of Hryvnia

The Ukrainian Hryvnia has plunged six consecutive weeks to new record lows. Since the beginning of the year, the Hryvnia has fallen from 8.26 to the US dollar, to 13.16 to the US...

Mish's Global Economic Trend Analysis   4 days ago

The Reddit Reckoning

One year ago, after the Boston Marathon bombings, Reddit users created the thread r/findbostonbombers. The idea was to organize the theories and speculations already arising among...

Slate Magazine - Moneybox   3 days ago