Friday Funk: Hiding

No better song title than Hiding for my first Friday Funk installment in 2.7 years. I had to duck down for awhile, and now I'm very slowly rethinking how to run a daily housing blog. Only one thing is certain: there will be music mixed in with the housing. One of my favorite parts of the week back in The Basis Point's glory days was my Friday Funk post to help you get your cool back for the weekend. So without any further ado that might reveal how rusty my writing has become, here's Hiding from LA funk masters Breakestra. May it help you get your cool back for the weekend, and help me get my cool back for the first time in 2.5 years.



Huge gratitude to everyone who's kept following me. The Basis Point will come out of hiding shortly.
___
Listen/Read More:

-More Friday Funk posts

-More Breakestra posts

-Breakestra: Hiding (youtube)

 

Indications of Upward Revision to +0.7% 4thQ2015 GDP

Retail Sales (January 2016) – Retail Sales month/month +0.2%. Previous was +0.2% – Retail Sales less autos month/month  +0.1%. Previous was +0.1% – Less Autos & Gas month/month +0.4%. Previous was +0.1%. December Retail Sales was revised up indicating that we will likely see an upward revision to the +0.7% GDP for 4thQ2015.  January’s gains […]

 

Initial Jobless Claims down.

Initial Jobless Claims (week ended 2/6/2016) – New Claims seasonally adjusted 269,000. Previous was 285,000 – New Claims unadjusted were 290,804 a decrease of 21,136 from previous – 4-week Moving Average seasonally adjusted 281,250. Previous was 284,750 Jobless Claims are a small part (about 15%) of the dynamics of the jobs market as we see […]

 

Purchase Applications up 25% Year-on-year.

MBA Mortgage Applications (week ended 2/5/2016) – Purchase Index Week/Week +0.2%. Previous weeks were -7.0%, +5.0%, -2.0%, +18.0%,-15.0%, +4.0%, -3.0%, +0.04%, +8.0%, -1.0%, +12.0%, +0.1%, and -1.0%. – Refinance Index Week/Week +16.0%. Previous weeks were +0.3%, +11.0%, +19.0%, +24.0%, -37.0%, +11.0%, +1.0%, +4.0%, -6.0%, -5.0%, +2.0%, -2.0%, and -1.0%,. – Composite Index Week/Week +9.3%. Previous […]

 

Job Openings Increase.

NFIB Small Business Optimism Index (January 2016) – Level 93.9. Previous was 95.2 Small business owners (the ones who drive the jobs market) were a good bit less optimistic in January.  Falling equity prices and continuing bad world economic news are responsible.     Redbook Chain Store Sales (week ended 2/6/2016) – Store Sales year/year […]

 

Labor Market Softening.

Labor Market Conditions Index (January 2016) – Index Level  0.4. Previous was 2.3 This is an index calculated by the Federal Reserve measuring the health of the labor market by weighing 19 labor market indicators. It supports my newsletter of last Friday pointing out that the Jobs market is in much worse shape that the […]

 

January BLS Weak

This is my monthly look inside the BLS Employment Situation Report. There are two BLS Surveys: the Establishment and the Household. Establishment surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual worksites. It is taken each month during the week which includes the 12th of the month. Household is a survey of 60,000 […]

 

The Utter Failure of QE.

As indicated by last week’s extremely weak (+0.69%) 4thQ2015 GDP the economy is weakening. We are in a manufacturing recession. Thursday’s Factory Orders release marked 14 consecutive months of year-on-year decline. One of the problems is that Fed monetary policy (QE) saw too little investment in real assets (plants and other infrastructure) and too much […]

 

Jobs Growth Weak, Exports Weak

BLS Employment Situation Report (January 2016) – Nonfarm Payrolls month/month (seasonally adjusted) +151,000. Previous was +262,000 – Unemployment Rate  4.9%. Previous was 5.0% – Private Jobs month/month change 158,000. Previous was  251,000 – Labor Participation Rate    62.7%. Previous was 62.6 % – Average Hourly Earnings month/month +0.5%. Previous was +0.0% – Average Workweek – All […]

 

Manufacturing Is in Recession. Jobs Market Is Stalling.

Initial Jobless Claims (week ended 1/30/2016) – Initial Claims seasonally adjusted  285,000. Previous was 277,000 – Initial Claims  unadjusted, totaled 311,956 an increase of 16,296 from previous – 4-week Moving Average    284,750. Previous was 282,750 The jobs market which has been a positive part of the economy is starting to stall. Challenger Job-Cut Report – […]

 
 
Processing your request...

 

 

Professional Basis Login

 

|

Retrieve Your Login Information

Please enter the email address associated with your Professional Basis account. Your login information will be sent at that address.

|