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Durable Goods Orders Slump

But don’t worry. Let me repeat myself: this is both an important statistic and a very volatile one. It is important because the things being measured are big ticket items that cost a lot and form a basic part of investment by business as well as households. So rising orders for durable goods is usually […]

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You, Me. Them, We.

There’s no us. The current malaise in our politics and its corollary in our elite’s thinking is that we are experiencing a clash of world views. This prevents compromise. It disallows the existence of a muddled center. And it looks down upon the notion of a coherent polity. Instead it substitutes an endless series of […]

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Housing Rebounds Strongly

One way to take your mind off of sequester week is to look at today’s report on home sales. It’s good. Sales of new homes shot up 15.6% in January to an annual rate of 437,000. That’s the fastest pace since the middle of 2008. Not only this, but the inventory of unsold new homes […]

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