After an historic run to new highs following the lockdown bottom, non-defense capgoods orders and housing transactions both cool off just a tiny bit.
A Few of Our Favorite Things
A Few of Our Favorite Things
Thursday, February 25, 2021
The capital boom continues to explode -- non-defense capgoods ex-aircraft pushes out strongly to another all-time high, while housing transactions continue near their all-time highs.
A Few of Our Favorite Things
Thursday, January 28, 2021
The bad news is that small business confidence has now given up half its post-pandemic gains. The good news is that capital goods orders are flying to new all-time highs.
A Few of Our Favorite Things
Wednesday, December 23, 2020
Our Housing Transaction Value Index cools slightly -- which is to say it has fallen from white-hot to red-hot.
A Few of Our Favorite Things
Wednesday, November 25, 2020
Non-defense cap-goods orders (ex-aircraft) makes a new all-time high, at least in nominal terms.
A Few of Our Favorite Things
Tuesday, October 27, 2020
Capex jumps to a multi-year high, small-biz optimism surging, consumer debt ratios and housing transactions best ever -- it really is a V-shaped recovery.
A Few of Our Favorite Things
Friday, September 25, 2020
Housing transaction-value at a new all-time high. Cap-goods orders higher than pre-Covid. What letter of the alphabet is even better than a V?
A Few of Our Favorite Things
Wednesday, August 26, 2020
Who knew it would take a depression to bring our housing index back to within half a percent of its 2005 housing boom high?
A Few of Our Favorite Things
Monday, July 27, 2020
A vigorous V-shaped recovery is underway in our housing transaction-value index. Economic uncertainty indices falling sharply. Small business confidence restored. CAPEX bouncing back. Wow!
A Few of Our Favorite Things
Thursday, June 25, 2020
This data is valuable, but it is mid-frequency, so it is full of contradictions. The inventory/sales ratio has risen to the highest since the whopper recession of 1980-81, yet CAPEX shows its first post-virus uptick.