Shale R Us

So if you care about what the (r)evolution in shale gas development means to the economy and have some illusion it is a simple question this is required reading…    NYT: Would Exporting the Natural Gas Surplus Help The Economy, or Hurt?

On how bad forecasting energy markets can be. Coalguru: Natural gas prices . . . → Read More: Shale R Us

Economic Events on January 14, 2013

At 4:30 PM Eastern time, Federal Reserve Chairman Ben Bernanke will make remarks at the University of Michigan on monetary policy and the U.S. economy.

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The Truth About Taxes

Ross Douthat speaks it:

Alas for liberals, the tax debate isn’t that simple, because it’s taking place in the context of immense projected future deficits and a welfare state that seems unsustainable without substantial increases in revenue. Given these realities, fairness and progressivity are necessarily less important to liberalism over the long run than . . . → Read More: The Truth About Taxes

Economic Events on January 11, 2013

At 8:30 AM Eastern time, the Import and Export Prices index for December will be released, providing some data that can be used to monitor the threat of inflation.

Also at 8:30 AM Eastern time, the International Trade report for December will be released.  The consensus is a deficit of $41.1 billion, which would . . . → Read More: Economic Events on January 11, 2013

Economic Events on January 10, 2013

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 362,000 new jobless claims last week, which would would be 10,000 less than the previous week.

At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update . . . → Read More: Economic Events on January 10, 2013

Rent R Us

Of note in Bloomberg today: ”…Pittsburgh, where rents are at their highest in more than a decade.”  Anyone have the underlying report?

In itself the writeup is curious in what it omits, but it raises the spectre of a bigger conundrum.  Most benchmarking of cost of living differences between regions mostly come down to housing costs.  . . . → Read More: Rent R Us

Economic Events on January 9, 2013

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 10:30 AM Eastern time, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in . . . → Read More: Economic Events on January 9, 2013

Economic Events on January 8, 2013

At 7:30 AM Eastern time, the NFIB Small Business Optimism Index for December will be released, providing information regarding the health and confidence of small businesses in the United States.  The consensus is that the index is at a level of 87.9, which is 0.4 points higher than the previous month’s value.

At 7:45 . . . → Read More: Economic Events on January 8, 2013

Apples and oranges and counting workers

OK… this is for labor force wonks only.

So if you read the official press release on the monthly dump of labor force statistics, a headline the state points out is that the count of total unemployed in the region dropped by 2,000 between October and November, and that was the largest monthly drop since . . . → Read More: Apples and oranges and counting workers

Economic Events on January 2, 2013

The figures for motor vehicle sales for December will be released today.  The consensus estimate is that 15.1 million autos were sold last month, which would be 400,000 less than the previous month.

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of . . . → Read More: Economic Events on January 2, 2013