Census Bureau

Why The Mainstream Media Is Freaking Out

In a democracy, trust must be earned. It cannot be imposed. The days of captive audiences are over. The monopoly on "news" and propaganda has been broken for good.

Breaking Free From The Captured Media

In its panicky rush to demonize the independent media via baseless accusations of "fake news," the mainstream press has sunk to spewing "fake news" of its own.

Trade Deficit Grows More Than Expected As Stronger Dollar Pressures Exports

The U.S. monthly international trade deficit increased in October 2016 according to the U.S. Census Bureau, rising from $36.2 billion in September (revised lower from $36.4 billion) to $42.6 billion in October, higher than the $41.8BN consensus estimate, as exports decreased and imports increased which was to be expected following the recent surge in the US Dollar.

Don't Want A Muslim Registry? Abolish The Census

If you are concerned that the US government could - under a Trump or any future administration - round up any group of Americans and immigrants based solely on their religion or another particular characteristic, tackling the inquisitiveness of the US Census Bureau would be a great first step, helping to trim the government’s power and ensure the privacy and Fourth Amendment rights of all individuals are being properly protected.

Atlanta Fed Slashes Q4 GDP Estimate From 3.6% To 2.4%

When we looked at the latest disappointing spending data this morning, we warned that GDP would likely be weakned, however we had no idea by just how much. The answer was revealed moments ago courtesy of the Atlanta Fed, which updated its GDPNow model and said that its forecast for real GDP growth in the fourth quarter of 2016 is 2.4 percent on November 30, down from 3.6 percent on November 23.

3 Things: Retail Sales, Recurring Ignorance, & Return Reality

There was an awful lot of cheering about the recent retail sales report which showed an uptick of 0.8% which beat the analyst’s estimates of 0.6%. However, if we dig deeper behind the headlines more troubling trends emerge for the consumer which begins to erode the narrative of the "economy is doing great" and “there is no recession" in sight.

Housing Starts Smash Expectations, Soar By Most Since 1982 To Nine Year Highs

Total housing starts soared by 25.5% sequentially in October, the biggest one month surge since July 1982, spiking from 1,054K to a whopping 1,323K, smashing expectations of 1,156K, driven by surges across virtually all regions, but most notably the Northeast and Midwest, where starts soared by more than 44%, while starts in the South and West rebounded by 17.9% and 23.2% respectively.

Trump Or No Trump - Why The Next 8 Years Will Be The Worst Economic Period In US History

Regardless who was chosen as president for the next two terms, 80% of the population growth in the US will come from 65+yr/olds. This is the inverse from Bill Clinton's presidency which was the benefactor of the strongest demographic and population changes. The Fed has been dropping rates ever since to incentivize the decelerating growth among the young to spend more... but the population growth to consume(r) our way out of this debt bubble is never coming.

Goldman Fears "Persistent Headwind To Growth" As State/Tax Revenues Tumble

The latest confirmation that the US economy continues to deteriorate comes not from the Federal Government but from state-level data, where year-over-year growth in state tax revenues slowed dramatically in the last two quarters. As Goldman notes, this has subtracted an average of 0.25 percentage points from GDP growth, raising the question of whether municipal finances could again be a persistent headwind to growth.

When It Comes To Household Income, Sweden & Germany Rank With Kentucky

It has nearly reached the point of dogma with many leftists that European countries enjoy higher standards of living thanks to more government regulation and more social benefits. What the data really suggests, however, is that even after social benefits are incorporated into the income data, the median American still has a higher income than most European countries.

Key Events In The Coming Week

Looking at the week ahead, the US election enters the home stretch and politics will likely dominate the headlines, especially the closer races in Congress. Despite data being overshadowed by politics, there are some key US releases coming up, with the first estimate of Q3 GDP, the employment cost index and durable goods the main focus.