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I am now also emailing my posts directly to my PMC donors at the same time they are emailed for posting on this website. If you wish to be on the list, please make a donation here. ...Read More

Industrial production, China, NY Fed

Up a bit this month but the chart isn’t looking promising: New York Fed’s New SCE Household Spending Survey Shows Expected Growth Of Household Spending Will Slow Today, the Federal Reserve Bank of New York’s Center for Microeconomic Data updated its Survey of Consumer Expectations (SCE) Household Spending Survey, which provides information ...Read More

NY manufacturing, China

Not good: ...Read More

Retail sales, Consumer Sentiment, Rails, Sea containers, Wholesale sales, Employment, Hours worked

Up a bit but still looking a lot lower than a few months ago: “Deep in contraction” Analyst Opinion of Container Movements Simply looking at this month versus last month – there were only marginal changes to weak numbers. The year-over-year rate of growth improved for imports and marginally worsened for exports. ...Read More

JOLTS, Consumer credit, Las Vegas visitors

Rolling over: Rolling over: Rolling over: ...Read More

Rail traffic, China, Weather politicization, CNN comments

Contraction: The tariff induced collapse of global trade continues: Politicization of weather forecasting: NOAA staff warned in Sept. 1 directive against contradicting Trump Elliott Management, a top activist shareholder firm, announced Monday that it has a $3.2 billion stake in AT&T. WarnerMedia, which owns CNN, is under AT&T. “Great news that an ...Read More

Employment

Still decelerating hard due to the tariffs causing a collapse in global trade: ...Read More

Factory orders, ISM Non Manufacturing, Markit services and composite PMI, ADP, President changes weather forecast chart

Up for the month, but still trending down, and on an inflation adjusted basis still well below the highs of the last cycle: Up for the month, but still trending lower: And lower in this survey with the same type of trend: Up for the month but still trending lower: Clinical… Trump ...Read More

Trade, ISM NY, Profits

Highlights Going into the accelerated trade tensions of August and before the US-China tariff hikes of September, US trade was improving, at least slightly. July’s trade deficit came in at $54.0 billion which is well down from June’s revised $55.5 billion total but still marginally over the $53.9 billion monthly average of ...Read More

Factory orders, Construction, Vehicles, Trump comments

This was before the new round of tariffs took effect, which will only make things worse: US Factory Activity Contracts for 1st Time since 2016 The ISM Manufacturing PMI in the US fell to 49.1 in August from 51.2 in the previous month, missing market expectations of 51.1. The reading pointed to ...Read More

Personal income and expenditures, Consumer sentiment, Chicago PMI, Trump comments

With personal income decelerating shouldn’t surprise anyone if personal consumption does same, not to forget benchmark revisions just took employment down by 500,000 dampening that source of personal income: US Personal Income Grows the Least in Nearly a Year Personal income in the United States increased 0.1 percent month-over-month in July of ...Read More