WARREN MOSLER | Modern Monetary Theory

Non-Mfg ISM//Payrolls

Karim writes: All key components up; prices paid lower but still at high level. Employment up 4pts and up 4.5pts relative to 6mth avg. Hopefully,

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ISM/ADP

[Skip to the end] We’ll see if the zero rate policy keeps giving that feeling that the economy is dragging an anchor chain, and requires

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3 most important numbers

From Karim: Index of aggregate hours -0.3% Diffusion index from 50.0 to 46.2 Median duration of unemployment from 8.4 to 8.8 weeks So output likely

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GDP/ADP

From Karim: GDP slows from 4.9% to 0.6% Personal consumption slows from 2.8% to 2.5% DGO strength in Dec shows up in modest positive in

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