July Publication Schedule

The Lehmann Letter (SM) The UK referendum is front and center now. But the economic indicators do make a difference. ECONOMIC INDICATOR PUBLICATION SCHEDULE  July 2016  Source (* below)……Series Description……Day & Date  Quarterly Data BEA……..….GDP ..……..…Fri, 29th Monthly Data ISM..Purchasing managers’ index…Fri, 1st BEA.New-vehicle sales.(Approximate).Wed, 6th BLS………….Employment…….…   Fri, 8th Fed. Consumer credit..(Approximate).Fri, 8th BLS…………Producer prices……. Thu, 14th Census………….Inventories…….. Fri, 15th Fed……….Capacity utilization……Fri, 15th BLS……….Consumer prices.……. Fri, 15th Census………Housing starts…….Tue, 19th NAR………Existing-home sales….Thu, 21st Census……..New-home sales…… Tue, 26th Conf Bd….Consumer confidence.. Tue, 26th Census……….Capital goods…….. Wed, 27th *BEA = Bureau of Economic Analysis of the U.S. Department of Commerce *BLS = Continue reading

Personal Time Off

The Lehmann Letter (SM) The Letter has been taking some personal time off while its author focuses on a research project. There was a bit of travel, too. Questions or comments? Contact Mike Lehmann at lehmannm@usfca.edu. (To be fully informed visit http://www.beyourowneconomist.com/) © 2016 Michael B. Lehmann        

Too Bad: UK Leaves EU

The Lehmann Letter (SM) The United Kingdom has voted to leave the European Union. Too bad. Following WWII the UK chose not to join the EU’s predecessor because the UK wished to maintain close ties with its Commonwealth. When it became clear that Europe was the place to be, France – under Charles De Gaulle – vetoed the UK’s attempt to join. The UK finally joined after President De Gaulle’s passing. There were, of course, costs as well as benefits. There always are when a nation joins a larger free-trade zone. That became especially true as the EU assumed governing Continue reading

4.7%!

The Lehmann Letter (SM) This morning the Bureau of Labor Statistics reported the May unemployment rate fell to 4.7%: http://stats.bls.gov/news.release/empsit.nr0.htm That’s a remarkably low, pre-recession number. Let’s rejoice, whatever the reason. That requires improvement. Troubling, on the other hand, was the small 38,000 job increase. Questions or comments? Contact Mike Lehmann at lehmannm@usfca.edu. (To be fully informed visit http://www.beyourowneconomist.com/) © 2016 Michael B. Lehmann