A Few of Our Favorite Things

A Few of Our Favorite Things
Monday, April 26, 2021
In the latest business inventory data, sales are up and inventories are down. This is the mismatch effect we've predicted, and it will lead to a short-term bump in the price level (which is not the same thing as inflation).
A Few of Our Favorite Things
Wednesday, March 24, 2021
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
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!

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