The Japanese economy may be the next victim of the coronavirus as tourism has fallen significantly since the outbreak. The Bank of Japan (BOJ) has been facing the pressure of a possible recession, according to a recent article in Reuters, and Japan said it will be willing to take "appropriate action" for economic recovery.The threat of recession ha...

By Chris Kuehl, Ph.D., NACM Economist—Short Items of Interest—US Economy—Hawks and Doves on Same PageIt was expected the Fed would take action at some point, but that they chose to do this now was a shock as they had been asserting there was no immediate plan as recently as three weeks ago. That there was unanimous support was also a bit of a surpr...

Construction spending in the U.S. hit a record high to start 2020. Total construction spending improved 1.8% in January from the revised December data, according to a Census Bureau release earlier this week. The increase is the most in roughly two years, and the $1.369 trillion is a record high. Spending is also 6.8% higher in January than it was i...

By Chris Kuehl, Ph.D., NACM Economist—Short Items of Interest—US Economy—Lots of Data to Work with This Week There will be a chance to gauge just how important the virus outbreak has been. The various iterations of the Purchasing Managers' Index (PMI) will be released and several will be parsed very carefully. We already know the Chinese PMI plumme...

There's no better motivator to learn the signs of fraud than financial loss. This was the case for businesswoman and "Shark Tank" entrepreneur Barbara Corcoran who lost nearly $400,000 to an invoice email scam reported last week.According to People, an invoice was emailed to Corcoran's bookkeeper, "approving the payment for a real estate renovation...

Confidence among construction contractors did not waiver during the end of 2019 and into the beginning of 2020, according to recent index results released by Associated Builders and Contractors (ABC). The index spiked in November then remained steady in December.Several variables remained above the growth expectations threshold in December 2019: sa...

By Chris Kuehl, Ph.D., NACM Economist—Short Items of Interest—US Economy—Meanwhile—Back at the RanchIt would seem that everything else in the economy stopped once the issue of the coronavirus hit, but as important as this outbreak has become, there is a certain amount of life that still goes on. One of the ongoing issues has to do with where people...

By Chris Kuehl, Ph.D., NACM Economist—Short Items of Interest—US Economy—Home Prices Ratcheting UpThe price of homes has been rising again—by 3.8% in 2019. In truth, the price of homes has been inching up consistently for years, but the pace quickened in the last year. The price hikes are varied with the highest being in the hottest markets (as one...

Following a two-day meeting in India, the U.S. and India concluded ongoing trade talks, which may begin a bilateral U.S.-India trade deal, according to a recent article in Reuters. The White House has not given any details on what the trade agreement may look like.Prior to meeting Feb. 24-25, the two nations negotiated for months on terms related t...

By Chris Kuehl, Ph.D., NACM Economist—Short Items of Interest—US Economy—Consumer Confidence WatchTomorrow, the Conference Board will release its latest survey data on the mind of the consumer. As long-time readers know by this time, I am not a huge fan of these consumer surveys as the consumer is notoriously fickle and hard to read. One day they a...