Some of the more interesting CNBC and Bureau of Labor Statisics headlines of the last few days that I spent time exploring. They tend to be more “half glass empty” than “half glass full”:
- These Charts are Flashing Recession Signals. Capital investment is falling.
- US Productivity decreased 0.4% from Q2 2015 to Q2 2016. This just means. more problems down the road. Our standard of living is not getting any better; it might soon be getting worse!
- Will the US ever be able to pay-off the national debt? Ouch, baby, really ouch!
- An IMF economist thinks Piketty’s inequality theories don’t really hold water. I always thought there was something fishy here but I never got more than half way through the book!
- Now that you know the official jobs number, here’s the REAL unemployment rate. What is that old refrain – there are lies, damn lies and statistics?
On the positive side:
- Real average hourly earnings increased by 1.7% from July 2015 to July 2016. A small increase but we need to see more of this and larger increased to help drive inflation…needed to allow the Fed to return interest rates to normality.