Jeff Snider

May 26, 2017
According to Larry Summers, the Trump administration's recently released budget contains a most heinous elementary error that disqualifies the whole thing and every single person involved in it. Apart from being hugely convenient for his side of the political debate, the...

May 19, 2017
Progressive New York Magazine columnist Jonathan Chait writing for the leftist New Republic in 2010 prophesied that if the Republicans took Congress that year and Obama won a second term two years after, "the House will vote to impeach him before he leaves office." He was...

May 15, 2017
Retail sales estimates are not adjusted for inflation, but even so whenever they get down toward the 3% growth level you can be sure there is serious economic trouble. The 6-month average for overall retail sales dropped below 3% in March 2001, the month that marked the...

Apr 21, 2017
Real average weekly earnings fell in March from the prior year -- for the third month in a row.

Apr 18, 2017
As we move further into 2017, economic statistics will be subject to their annual benchmark revisions. High frequency data such as any accounts published on or about a single month is estimated using incomplete data.

Apr 10, 2017
The payroll report disappointed again, though it was deficient in ways other than are commonly described. The monthly change is never a solid indication, good or bad, as the BLS' statistical processes can only get it down to a 90% confidence interval, and a wide one at...

Apr 6, 2017
JP Morgan Chase Chief Executive Jamie Dimon caused a stir this week with his annual letter to shareholders. The phrase that gained him so much widespread attention was, "there is something wrong with the U.S." Dimon mentioned secular stagnation and correctly surmised it was...

Apr 4, 2017
The ISM Manufacturing Index declined slightly for March 2017, pulling back by 0.5 points after registering a multi-year high in February. The difference between the index and troubling auto sales, for example, is another reminder of what is truly a large disparity between...

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