Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for January 2014 shows sales declined with inventory levels up but remaining on the high side of a normal range for periods of expansion.
Written by Steven Hansen The ISM Manufacturing survey for February 2014 indicated moderate manufacturing expansion. The New Orders sub-index which historically correlates to the economy improved even more significantly than the prime index.
Written by Steven Hansen The headlines say the durable goods new orders declined in January – headline growth is down 3 of the last 4 months. Most sectors were soft lead by a weak civilian aircraft sector.
Who Let the Gini Out? Searching for Sources of Inequality by Davide Furceri and Prakash Loungani, Voxeu.org Income inequality has been growing in many economies over the past two decades, and it is currently historically high. This column adds two new contributors to the popular explanations of increased inequality. Fiscal consolidations, especially those following the …
Written by Steven Hansen The Philly Fed Business Outlook Survey fell and entered contraction territory. Key elements also were in contraction.