Slightly Left of Center Economics Blog
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Industrial Production Confirms That The Economy Remains On Autopilot
This morning’s report on industrial production confirms that the economy remains on autopilot, and that’s a good thing. Overall production increased again, and the trend of rising production since spring of last year is clear.
Why Is The Fed Raising Interest Rates As Fast As It Is?
Some people at the Fed may be doing their best to make it possible for the Fed to do something in the future when the need will surely arise.
In Which I (Partially) Disagree With Dean Baker About The Stock Market
Dean Baker complained yesterday about pundits who talk about the stock market in terms of economic well-being: As someone who routinely considers both corporate profits and stock prices in terms of economic well-being, I disagree — somewhat.
June Jobs Report: Great Headline, But Once Again Where Are The Wages?!?
The best thing about this report was the headline number of jobs added, plus the big positive revisions to April and May, which brought the average of the last three months to +191,000.
This Is A Big Deal: Housing Permits And Starts Now A Long Leading Negative
The three month rolling average of starts, which smooths out the volatility, is at a 12 month low. the three month rolling average of single family starts is at a six month low.
Retail Sales Disappoint — But Don’t Hyperventilate About It
Retail sales certainly were a disappointment, coming in at -0.3% nominally and -0.2% in real terms. That being said, the monthly reports are somewhat noisy.


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Angry Bear
Black Dog & Leventhal Publishers
The authors cut through party bias to present the quantifiable facts about how modern presidents have performed on critical national issues Politicians and the media spend a lot of time telling Americans how the presidents and their administrations are performing, but this analysis always skews along party lines. In Presimetrics, Kimel and Kanell take a fresh look at modern politics by gathering data from numerous government sources in order to compare and rank presidential performance on critical issues, from employment and health care to taxes and family values. The results frequently defy expectations. The lively text clearly explains how various policies of each administration affect the data, and fascinating information graphics lend even greater depth to the discussion, showing at a glance how multiple administrations stack up.