Opinions Uncensored

Friday: Auto Sales, ISM Mfg, Construction Spending

From Paul Krugman: The Macroeconomics of Brexit: Motivated Reasoning?. From the intro: I believe that Brexit is a tragic development, which will do substantial long-run economic harm. But what we’re hearing overwhelmingly from economists is the claim that it will also have severe short-run...

Restaurant Performance Index declined in May

Here is a minor indicator I follow from the National Restaurant Association: RPI drops in MayDue in large part to softer same-store sales and customer traffic results, the National Restaurant Association’s Restaurant Performance Index (RPI) declined in May. The RPI stood at 100.6 in May, down...

CoStar: Commercial Real Estate prices increased in May

Here is a price index for commercial real estate that I follow.  From CoStar: Composite Price Indices Resume Solid Growth Boosted By Strong Net Absorption PRICE INDICES RESUMED SOLID GROWTH IN MAY. Both of CCRSI’s two major composite price indices advanced by more than 1% in the month of May...

Oil Market In Balance

Read this Reuters article that came out today.
(Reuters) – A string of unforeseen events have reduced oil supply, helping to rebalance the world oil market and push price forecasts higher over the last month, a Reuters poll showed on Thursday.
These events are only unforeseen if you...

Chicago PMI increased in June

Chicago PMI: June Chicago Business Barometer Up 7.5 Points to 56.8 The MNI Chicago Business Barometer rose 7.5 points to 56.8 in June from 49.3 in May, the highest since January 2015, led by strong gains in New Orders and Production.June’s rebound was just enough to offset the previous two...

Weekly Initial Unemployment Claims increase to 268,000

The DOL reported:In the week ending June 25, the advance figure for seasonally adjusted initial claims was 268,000, an increase of 10,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 259,000 to 258,000. The 4-week moving average was 266,750,...