Comments
In reply to Real PCE Goods Computed from Retail Sales Implies a 68 Basis Point Boost to Q4 GDP Thanks for this. I keep wondering where the crash is. We need to talk about the very obvious problem of using residential housing as poker chips in the great institional & foreign investor casino. reply
In reply to US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low it s a nice article. I m following your blog! reply
In reply to 4th Quarter GDP Grew at 2.9% Rate on Increased Inventories, Personal Services, and Government Thanks! reply
In reply to footnote on "unaccounted for oil" That is very frightening and I doubt no reporters are on this. reply
In reply to US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low for most of this year, our refinery oil consumption has exceeded our apparent supply of oil from all sources by an average of around a million barrels per day, resulting in a large "unaccounted for oil" entry on the US petroleum balance sheet, as i explain in my second paragraph…