Schedule for Week of Apr 22, 2018

The key economic stories this week are the advance estimate of Q1 GDP, March new and existing home sales, and Case-Shiller house prices. —– Monday, Apr 23rd —–8:30 AM ET: Chicago Fed National Activity Index for March. This is a composite index of other data. 10:00 AM: Existing Home Sales for March from the National […]

Oil Rigs “Middling rig adds”

A few comments from Steven Kopits of Princeton Energy Advisors LLC on Apr 20, 2018: • Total US oil rigs were up, +5 to 820 • Horizontal oil rigs were up,+6 at 723…• Almost all the action was back in the Permian, +9 horizontal oil rigs • The breakeven oil price to include rigs appears […]

Four Q1 GDP Forecasts: Around 2%

The advance Q1 GDP report will be released next Friday, April 27th.   The consensus is for true GDP growth of 2.1% on a seasonally adjusted annual rate (SAAR) basis. Here are four Q1 GDP forecast. From Merrill Lynch: We expect true GDP growth to slow to 1.7% qoq saar in the advance 1Q report […]

Existing Home Sales: Lawler vs. the Consensus

Housing economist Tom Lawler has been sending me his predictions of what the NAR will report for 8 years.  The table below shows the consensus for each month, Lawler’s predictions, and the NAR’s initial reported level of sales.  Lawler hasn’t consistently been closer than the consensus, but usually when there has been a fairly large […]

A Silicon Valley Pot Deal

Imagine, for a moment, a marijuana producer. See his Crocs. Admire his hacky-sack. Inhale his earthy musk. Whoever comes to mind—it’s not John Russo. Stepping to the podium in the San Jose Hilton’s tasteful ballroom prior this month, Russo, a real-life marijuana manufacturer, looked a lot like my gastroenterologist: white ring of hair around the […]

‘I Expected to Have a Day Job for the Rest of My Life’

At age 12, Philip Glass started working in a Baltimore record store owned by a man he called Ben. Ben was, in fact, Glass’s father, but he and his brother, Marty, both referred to him by his first name because they didn’t want anyone to fathom they were his children. Of course everyone still understood […]

7 Traits of Super-Productive People

htu/Getty Images Is there someone on your group who seems unusually productive? Someone who gets a huge amount done — without working longer hours? Super-productive people are in every industry. The best productive software developers write nine times more usable code per day than the average developer, according to research by Michael Mankins. He further found that […]

Bad Bosses

Is your boss making your life miserable? In this episode of HBR’s advice podcast, Dear HBR:, cohosts Alison Beard and Dan McGinn answer your questions with the help of Moshe Cohen, a elder lecturer at Boston University’s Questrom School of Business. They talk over what to do when your boss is a jerk, a workaholic, […]

The Best Flu Prevention Might Be Behavioral Economics

diane555/Getty Images Alongside well-known misconceptions that healthy people do not require the flu shot and myths about the harmful side effects of the vaccine, numerous studies have portrayed that one of the biggest reasons people don’t get vaccinated is that a physician never recommends it. (Eighty percent of patients assert they would be more likely to […]