Keating’s CyberColumn

November 8th, 2019 by

by Raymond J. Keating- Often times, elected officials and voters need to be reminded that public policies affect incentives and costs in the private sector – often to a substantial extent. And that is the case in the states, as well as at the national level. Let’s take the example of the latest report from […]

November 1st, 2019 by

by Raymond J. Keating- The October jobs report from the U.S. Bureau of Labor Statistics, once you get beyond the headlines to the more substantive numbers, turned out to be pretty solid. The headlines were underwhelming, with payroll gains of 128,000 for October, and increases coming in below 200,000 in seven of the last nine […]

October 24th, 2019 by

    by Raymond J. Keating- To say that government plays too big of a part in daily life would be to grossly understate reality. Gallup just reported that “a near-record-high 34% of Americans cite the government, poor leadership or politicians as the most important problem currently facing the U.S.” Indeed, Gallup notes that in […]

October 18th, 2019 by

by Raymond J. Keating- The latest industrial production report from the Federal Reserve was negative pretty much across the board. After welcome growth in August, industrial production (i.e., the real output of the manufacturing, mining, and electric and gas utilities) declined by 0.4 percent in September. That included a 0.5 percent decline in manufacturing production, […]

October 17th, 2019 by

by Raymond J. Keating- The Federal Reserve’s Beige Book released on October 16 did not paint a pretty picture on the economy. Most striking was the opening statement: “The U.S. economy expanded at a slight to modest pace since the prior report as business activity varied across the country.” That term “slight” is a downgrade […]

July 12th, 2019 by

by Raymond J. Keating- Federal Reserve Chairman Jerome Powell testified before Congress this week. The media and market attention was outsized relative to the Fed’s impact on the economy these days. First, the good news is that the latest Consumer Price Index data reported on July 11 showed low inflation in June (+0.1 percent), and […]

June 30th, 2019 by

by Raymond J. Keating- Summer is in full swing, and Independence Day – July Fourth – is fast approaching. For many, this means the chance to host parties and/or get-togethers with friends. And yes, there might be adult beverages involved. Unfortunately, since government extends its reach pretty much everywhere, the tab for that July 4th […]

June 27th, 2019 by

by Raymond J. Keating- According to the latest report from the U.S. Census Bureau, durable goods orders declined once again in May. Durable goods orders declined by 1.3 percent in May, which came after a decline of 2.8 percent (revised down from a drop of 2.1 percent) in April. Orders have now declined in three […]

June 19th, 2019 by

by Raymond J. Keating- The latest report on housing construction from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development showed residential housing down … and up. How can that be? Well, housing starts in May were down by 0.9 percent compared to April. However, building permits – which serves as […]

May 31st, 2019 by

by Raymond J. Keating- The latest report on personal income from the U.S. Bureau of Economic Analysis pointed to 0.5 percent growth in personal income in April. Normally, that would be viewed as pretty healthy. However, there’s more to the story when digging below the headline. First, inflation, as measured by the personal consumption expenditure […]

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