Fact of the Week

November 23rd, 2021 by

by Raymond J. Keating – The story of U.S. energy production is a wondrous example of how technological developments can transform what many considered an old-line industry. Technological advancements – such as advancements in hydraulic fracturing and horizontal drilling – took the U.S. from seemingly being destined to rely more and more on foreign sources […]

November 3rd, 2021 by

  by Raymond J. Keating – A nation’s monetary authority’s legitimate focus should be on working to maintain a sound currency and price stability. In the U.S., that’s the Federal Reserve’s job. And while the Fed can and often does get thrown off track by the added congressional mandate of maximizing employment, the only real […]

October 28th, 2021 by

Anti-Growth Policies Taking Their Toll by Raymond J. Keating – The recovery from the pandemic hit the skids in the third quarter of this year, according to the latest GDP report from the U.S. Bureau of Economic Analysis. Real GDP growth (on a seasonally adjusted basis at an annual rate) pushed forward at a mere […]

October 20th, 2021 by

by Raymond J. Keating – The latest Beige Book from the Federal Reserve – an assessment of the economy based on interviews with business contacts, economists, market experts, and others – pointed to economic growth slowing. Specifically, the Beige Book pointed to economic activity growing at a “modest to moderate” pace, but “that the pace […]

October 16th, 2021 by

by Raymond J. Keating – The U.S. Census Bureau reported that retail and food services sales grew by 0.7 percent in September. What does that and the rest of the data tell us? The Inflation Factor First, we have to point out that retail sales are not adjusted for inflation. So, when inflation is factored […]

October 1st, 2021 by

by Raymond J. Keating – Each year, the first Friday in October is Manufacturing Day. That means we celebrate this vital sector today. It’s a day to mark the massive contributions that manufacturing businesses and their employees make to our economy. Manufacturing Day 2021 and Small Business The National Association of Manufacturers (NAM) reports that, […]

September 28th, 2021 by

Making things up, like redefining income to fit one’s political preferences, is not legitimate economic analysis. by Raymond J. Keating – Officials within the Biden administration – including various economists – are having a tough time dealing with economic facts. Indeed, they have gone so far as to mislead and serve up economic fictions. In […]

August 25th, 2021 by

by Raymond J. Keating – The latest durable goods orders report from the U.S. Census Bureau served up some negative numbers for July. Hopefully, this is a one-month incident, and not a trend. First, the topline number showed durable goods new orders down by 0.1 percent in July. But that came after a 0.8 increase […]

August 11th, 2021 by

by Raymond J. Keating – Inflation continued to run hot in July. According to the latest report from the U.S. Bureau of Labor Statistics, Consumer Price Index (CPI) inflation registered 0.5 percent in July. Over the past year, inflation came in at 5.4 percent. And if that’s not high enough, over the past six months, […]

July 27th, 2021 by

by RAYMOND J. KEATING – After suffering a decline in April, durable goods new orders grew for the second consecutive month in June, according to the latest report from the U.S. Census Bureau. Since the major declines suffered in March and April of 2020, durable goods orders have now increased in 13 of the last […]

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