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What to look for if housing construction does forecast a recession

  - by New Deal democratNo data today, but since it is mainly a housing week, let me pick up on a topic I discussed...

Jobless claims continue to signal moderate expansion

  - by New Deal democratLet me start to update this week’s data with jobless claims.Initial claims fell another -2,000 to 213,000, the lowest since...

The case for accelerating inflation is weak

  - by New Deal democratNo economic news again today. Tomorrow we will get the CPI report for November. As to which, I have read...

Manufacturing remains in contraction, with construction on the brink

  - by New Deal democratThis month we started the month with not just the usual two important reports on the leading sectors of  manufacturing...

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