Interesting look at our spending habits. Consumers are still increasing their spending, though at a slower clip. But underneath the hood, a necessary rotation is underway: The economy is exiting a pandemic-era phase where consumers spent big on goods and less on services. Why it matters: The rotation is a… Read More »Service Consumption Slow Recovery
When GDP gets released tomorrow we’ll know if we are in a recession or not, however with the divergence of GDP from GDI (Gross Domestic Income), it may not be as severe as others Gross domestic product gets the most headlines and currently says the economy shrank in the first… Read More »As We Look For Positives In The Economy
Profits looks to be down in this critical earnings week Even before Walmart’s warning, Wall Street analysts were cutting forecasts for corporate profits over the next year, Matt writes. Why it matters: After a surge of pandemic-era profitability, corporate America’s fat bottom lines are being pinched by a range of… Read More »Profits Looks To Be Down
Why it matters: At the height of the supply chain crisis, transportation companies pointed to a shortage of truckers as a contributing factor. Truckers and labor advocates were quick to say low pay, poor working conditions and high turnover were driving the problem. Now that shortage is easing, and possibly… Read More »Keep On Trucking
Even with the record number of job openings unemployment filings are still above where we were before the pandemic. By the numbers: Initial jobless claims rose by 7,000 to 251,000 in the week ending July 16, according to the Labor Department. The four-week average for jobless claims, which smooths out… Read More »Unemployment Up Even With Tight Labor Market
Labor markets are tight and continues to cause people to quit their job at record rates. Americans quitting their jobs comprised 60% of all job separations in February 2020. Quits were 18% of all job separations in April 2020, an eight-year low. Two years later, quit rates were at a… Read More »Number Of People Quitting Has Been On The Rise
How energy policy can affect exchange rate and why now is a great time to visit Canada. When oil prices are in the $100 per barrel range, as they are now, the Canadian dollar has historically traded at or near parity with its U.S. counterpart. Given that the U.S. is… Read More »Loonie Is Trading Low
It is supply and demand, what can people afford and what can products be sold for. As builds are not instantaneous and a lot speculation have happened in the housing markets. Builders are wise to cool building and maintain a steady supply without flooding the market and be forced to… Read More »Homes Built
As fears about being in or entering recession occupy us, we look for indicators of where we are at and the Yield Curve is one such thing. Driving the news: Growing fears about inflation have hammered a key measure of the yield curve in recent days, pushing it suddenly much… Read More »Yield Curve
As material costs and interest rates rise, home builders are pulling back. Homebuilders are rapidly losing confidence in their ability to turn a profit on new houses, Nathan writes. Homebuilder sentiment experienced its second-largest one-month drop in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index… Read More »Homebuilder Sentiment