The Problem - I
Calculated Risk has the clearest picture of
the problem we face.
Click on the chart for a larger version.
The Problem - II
Calculated Risk adds the the clearest picture of
the housing tailspin.
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Special Topic 8/4/10
This week, the Roundtable will feature a special listing for reaction to the
payroll employment figures
from ADP on Wednesday and the BLS on Friday.
ADP: +42,000
BLS: -131,000/+71,000
Click on the chart for a larger version.
Special Topics 6/28/10
This week, the Roundtable will feature special listings for reaction to Wednesday's
CBO budget projections and the
payroll employment figures
from ADP on Wednesday and the BLS on Friday.
ADP: +13,000
BLS: -125,000/+83,000
CBO: Take your pick.
Click on the chart for a larger version.
Current Economic Conditions 6/5/10
James Hamilton summarizes the situation.
EconModel
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David Smith’s EconomicsUK.com
"The personal website of David Smith, Economics Editor of the Sunday Times, London.”
September 9, 2010, 10:04 am, 762087
The surveys keep telling us that exports are doing very well but the official figures are not reflecting that, to the extent that is needed. July's £8.7 billion trade deficit in goods (£4.9 billion including services) was a shocker. Even...
September 8, 2010, 6:04 am, 761516
The 0.3% rise in manufacturing output in July, for an impressive rise of 4.9% on a year earlier, represented a good start to the third quarter. Even if manufacturing is flat in August and September, it will show a 0.6%...
September 8, 2010, 4:05 am, 761447
The Halifax, part of the Lloyds Banking Group, reported that house prices rose by 0.2% in August, following a 0.7% rise in July. Prices are 4.6% up on a year earlier, though broadly flat since the start of the year....
September 4, 2010, 6:04 pm, 760131
In its latest e-mail poll, the Shadow Monetary Policy Committee (SMPC) voted by five votes to four to leave Bank Rate unchanged at ½%, when the Bank of Englands rate setters gather on Thursday 9th September. All four of the...
September 4, 2010, 6:04 pm, 760130
My regular column is available to subscribers on www.thesundaytimes.co.uk - this is an excerpt. Such is the confusing flavour of the data over the past month that anybody responding to it is entitled to be confused. No wonder the...
September 3, 2010, 8:04 am, 759668
The service sector purchasing managers' index made it three in a row, weakening in August as did the manufacturing and construction PMIs. The drop from 53.1 to 51.3 was bigger than expected and represented a 16-month low for the index....
September 2, 2010, 6:04 am, 758920
The Nationwide building society reported a 0.9% drop in house prices in August, following a 0.5% fall in July, the first two-month fall since February 2009. The annual increase edged down from 6.6% to 3.9%. The temporary boost to prices...
September 1, 2010, 8:04 am, 758260
There are two explanations for the slowdown in manufacturing growth reported in the latest purchasing managers' index for the sector. One is that exporters are feeling the effect of weaker growth in markets, the other that the kick from inventories...
August 31, 2010, 6:04 am, 757552
The National Housing Federation has generated headlines with its prediction that home-buyers who bought at the peak in 2007 will have to wait until 2014 before prices exceed those peak levels and, as they put it, they will have escaped...
August 27, 2010, 6:04 am, 755877
Those surprisingly strong second quarter GDP figures just got stronger, with the initial 1.1% increase revised up to 1.2%. The revision had been expected, following strong construction data. Consumer spending showed a 0.7% rise, suggesting the UK consumer is not...
