tag:blogger.com,1999:blog-4900303239154048192.post8764800266138135280..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: An Increasingly Divergent US EconomyUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4900303239154048192.post-39933767299268562912019-11-01T09:36:55.115-04:002019-11-01T09:36:55.115-04:00Numerous reports about economies around the world ...Numerous reports about economies around the world indicate that the world is likely in an economic recession. Things like one third of Indian textile workers losing their jobs due to a drop in exports and a drop in domestic demand. In April “a sharp and accelerated decrease in new orders" for manufactured output reported in Germany. Much weaker economic growth in China with the country reporting that its economic growth cooled to its slowest in 28 years in 2018 (That's a big deal when China contributed about one third of economic growth globally in the last decade). A trucking freight index for America "says year-over-year trucking volumes have slipped for eight consecutive months" (July 2019). There was a 43% decline in US shale oil production in one year (2018-2019). etcBrenda Rosserhttps://www.blogger.com/profile/10036195485416637698noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-87511772926117403172019-10-20T17:46:50.406-04:002019-10-20T17:46:50.406-04:00Single housing permits were up. They are three qu...Single housing permits were up. They are three quarters of the market. Multiple unit housing permits are more volatile than single housing ones.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-27204026136449273562019-10-20T12:05:54.603-04:002019-10-20T12:05:54.603-04:00Housing permits and starts both turned down in Sep...Housing permits and starts both turned down in September.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-2135745300448238512019-10-19T22:37:02.354-04:002019-10-19T22:37:02.354-04:00I have been slightly off here. It is not housing ...I have been slightly off here. It is not housing starts that are up, but single housing permits. But the basic story still holds: prospects for the near future are for manufacturing to decline further while housing construction is likely to rise.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-59391134333171565502019-10-19T13:41:20.634-04:002019-10-19T13:41:20.634-04:00There were 3 crashes up to 1929; oil in 23, real e...There were 3 crashes up to 1929; oil in 23, real estate in 27, stocks & bonds in 29. Then the fatal blow was the banking failure in 32. Housing hid other slowdowns in 2005-06 before it all took a shit in 2008. Conditions are way past ripe for the biggest crash in the history of capitalism. Showonenewreplyhttps://www.blogger.com/profile/00681000155612295930noreply@blogger.com