A few data points from today... The Good This morning's Chicago PMI showed that delivery times have slowed. How is this possibly a good...

This is the first of a multi-part post on CWP=D (consumption without production equals debt) that will hopefully provide some clarity into h...

UPDATED: made a mistake in the earlier version (apparently I'm a bit rusty). Bernanke per his testimony (bold mine): Most of the fac...

In yesterday's post on European Debt, I noticed: What is interesting (to me) is that debt levels in Germany are almost (or at least in ...

Don't call me the Brett Favre of bloggers yet. I'm not officially back, but getting the itch and may post here and there (and like...

Well, its been a full year since EconomPic Turned Two , which means EconomPic turned 3 today (unreal). As many a reader may remember, I be...

The economy added 250k jobs per the household survey and 192k per the establishment survey (222k private jobs) on a seasonally adjusted basi...

I'm expecting an above consensus employment number tomorrow (i.e. 250+), as I think January's employment figure was artificially low...

4 years later we're making some real progress in the economy across the board, but showing how deep the dive was... auto sales are still...

In a recession (the below is year over year change using January prints)... Source: Census

ISM respondents are saying: "A continued weak dollar is increasing the cost of components purchased overseas. It is going to force us ...

In response to my post Something Sustainable reader Tom Lindmark commented: As I understand the numbers, real PCE declined 0.1% and dispo...

Over the past twelve months the rate of personal spending is up even though personal savings has risen (the obvious key is that personal wag...

Breakdown of the 0.4% shift below. Source: BEA

Marketwatch with the details: Orders for U.S.-made durable goods rose 2.7% in January on stronger demand for civilian aircraft, the Commerc...

The Big Picture notes that today's S&P 500 performance (-2.05%) was the worst in 6 months. More interesting is the frequency of -2%...

Source: Conference Board

Source: S&P

Haven't posted this in a while... As I've previously detailed , CPI may not reflect actual price levels for an individual who: does ...

Marketwatch details: The economy's expansion is expected to continue in coming months, though current conditions, which are slowly impr...

Bloomberg details: Wholesale costs in the U.S. increased for a seventh consecutive month in January, led by higher prices for fuel. The pro...

The AP details: Not since World War II has the federal budget deficit made up such a big chunk of the U.S. economy. And within two or three...

Marketwatch details: The biggest increase in sales took place at gas stations, grocery and liquor stores, auto retailers and online and cat...

Bloomberg details: The new “normal” unemployment rate may now be 6.7 percent, rising as much as 1.7 percentage points from 5 percent before...

You can argue that the dialogue around cutting the budget going forward is a good start, but increasing the deficit to $1.6 billion from an ...

BusinessWeek details the latest: Japan’s gross domestic product fell less than estimated in the fourth quarter in a pullback that may prove...

Source: Yahoo

Non-revolving credit is now at new all-time highs and the revolving cliff dive has hit a bottom (i.e. it is turning up... for now). Source: ...

The chart below shows the annual change in government spending and investment since 1960 (left hand side) and contribution to overall GDP gr...

Economic Data On the Job Non-Recovery ISM Services Growth at Fastest Pace in 5 1/2 Years... ISM Manufacturing Up for 20th Straight Month The...

The disappointing jobs data this morning, perhaps due to weather, detailed by Bloomberg : The U.S. jobless rate unexpectedly fell in January...

ecPulse details: The Institute for Supply Management released today the ISM services index, where the ISM Services index rose in January to...

Bloomberg details (bold mine): The productivity of U.S. workers unexpectedly increased in the fourth quarter at a faster rate as companies ...

Reuters details: Euro zone retail sales unexpectedly fell in December with equal declines in food and non-food sectors, a sign that consume...

It's where the growth is... Source: ADP

Source: Autoblog

Marketwatch details: Conditions for the nation's manufacturers improved for the 20th straight month, the Institute for Supply Managemen...

Justification for the below? Risk on / reflation in the developed world (continued dollar sell-off) Brakes thrown on in emerging market worl...

Bloomberg detailed: Businesses in the U.S. expanded in January at the fastest pace since July 1988, indicating the world’s largest economy ...

Pretty wild release. HUGE positive impact (more than 3%) by improvement in net exports. HUGE positive impact (more than 3%) by consumption ...

Random? Yes, but I like dogs... The American Kennel Club (hat tip Skip) details: This year’s list included some shakeups in the top 10 – th...

The Huffington Post details the top 11 cash hoarders. Instead of building plants or hiring workers, corporate America is clinging to its c...

Professor Damodaran (via World Beta and Abnormal Returns ): S&P's most recent update indicates that US companies, after a pause fo...

Marktetwatch details: An index of U.S. consumer confidence jumped to 60.6 in January, reaching the highest level since May, with more consu...

Source: S&P

RTT News details: Eurozone industrial new order growth quickened in November, led by Portugal, Finland and Germany, official figures showed...