Tuesday: Job Openings

From Matthew Graham at Mortgage News Daily: Mortgage Rates Moving Quickly Higher Mortgage rates moved higher today at the fastest pace in several months today.  [Most Prevalent Rates 30YR FIXED – 3.5% – 3.625%]emphasis added Tuesday:• At 6:00 AM, NFIB Small Business Optimism Index for August. • At 10:00 AM ET, Job Openings and Labor […]


Staying on track with your retirement budget

This post was written by our friend Marie at The Boomer Club. The day after your retirement party, you’ll be looking at the amount of your retirement savings that you’ve spent decades accumulating. Many new retirees have one of two thoughts about that lump sum: Wow, that’s a lot of money. I’ll really enjoy spending […]


Las Vegas: Convention Attendance and Visitor Traffic up Slightly in 2019 Through July

During the recession, I wrote about the troubles in Las Vegas and included a chart of visitor and convention attendance: Lost Vegas. Since then Las Vegas visitor traffic recovered to new record highs. However, in 2018, visitor traffic declined 0.2% compared to 2017, but was still 7.5% above the pre-recession peak. Convention attendance declined 2.2% […]


Update on Decennial Census Hiring

In the August employment report, the BLS reported In August, employment in federal government increased by 28,000. The gain was mostly due to the hiring of 25,000 temporary workers to prepare for the 2020 Census.emphasis added Earlier, on August 12th, from the Census Bureau: U.S. Census Bureau Announces the Start of First Major Field Operation […]


AAR: August Rail Carloads down 4.6% YoY, Intermodal Down 5.4% YoY

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. It seems clear that U.S. railroads are facing a freight recession. Total originated U.S. rail carloads fell 4.6% in August 2019 from August 2018, their seventh straight year-over-year decline. The average decline over those seven months was 4.2%, a […]

Real Estate

Home Sales Expected to Continue Increasing In 2020

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020. Below is a chart depicting the projections of each entity for 2019, as well as for 2020.As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered […]


Getting MMT wrong in the name of Marx

If you want a giggle this analysis of MMT from a hard Marxist perspective is amusing for the politics and economics geek. Written by Adam Booth, it could have been improved by even a little reading of what MMT is about. It makes the most basic of errors. So many in fact, I have no […]


The death throes of old style globalisation

As the FT notes this morning, an IMF report authored by Jannick Damgaard, Thomas Elkjaer, and Niels Johannesen of Copehngane University has suggested that: A large proportion of the world’s stock of foreign direct investment is “phantom” capital, designed to minimise companies’ tax liabilities rather than financing productive activity, according to research. As they note: […]


Sunday Night Futures

Weekend:• Schedule for Week of September 8, 2019 Tuesday:• At 3:00 PM, Consumer Credit from the Federal Reserve. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 4 and DOW futures are up 25 (fair value). Oil prices were up over the last week with WTI futures at $56.82 per barrel and Brent […]