ISM Non-Manufacturing Index increased to 55.0% in December

The December ISM Non-manufacturing index was at 55.0%, up from 53.9% in November. The employment index decreased to 55.2%, from 55.5%. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: December 2019 Non-Manufacturing ISM Report On Business® Economic activity in the non-manufacturing sector grew in December for the 119th consecutive […]


Trade Deficit decreased to $43.1 Billion in November

From the Department of Commerce reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised. November exports were $208.6 billion, $1.4 billion more than October exports. November imports were $251.7 billion, […]

Real Estate

Big Demand for Small Homes

Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different. Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year. “We expect […]


Rebadged work

Ian McCluskey describes himself like this on Twitter: I mention this because this morning he has posted this, with reference to Rebecca Long-Bailey making the Green New Deal core to her campaign: And this: I stress, the Green New Deal is not all my work, even if I admit that Colin Hines did more than […]


For 2020, buy early

We will miss 2019. While 2018’s odd confluence of a weakening economy, rising trade frictions and monetary tightening led to losses in virtually every asset class, this year has been the exact opposite. Monetary stimulus, economic stabilization and an erratic but ultimately successful reduction in geopolitical risk produced a stellar year for risky assets (see […]


The Fair Tax Mark – moving on into 2020

I am no longer a director of the Fair Tax Mark, but am still working with it on developing new areas of work, and remain proud of its achievements. This was its own summary of progress in 2019: Fair Tax Mark’s 2019, and what’s next in 2020 2019 was another year of strong growth and innovation. […]


Tuesday: Trade Deficit, ISM non-Mfg

Tuesday:• At 8:30 AM ET, Trade Balance report for November from the Census Bureau. The consensus is the trade deficit to be $43.9 billion.  The U.S. trade deficit was at $47.2 billion in October. • At 10:00 AM, the ISM non-Manufacturing Index for December.  The consensus is for a decrease to 58.4 from 60.7. • […]