The First Crack in the Foundation The first crack in the foundation may be the 0.3% decline in September retail sales. Amid the ongoing trade war and worries about a potential recession, the strength of consumer spending has been a needed counterweight." Wells-Fargo Business Activity Grew Slightly in Empire State The Federal Reserve Bank of [...]
The Empire State Manufacturing Survey for January Shows Business Activity Declined at the Fastest Pace Since 2008 The report indicates that New York manufacturers' business activity declined at the fastest pace since 2008…The Great Recession. The new orders and shipments indexes plummeted, indicating a steep decline in both orders and shipments. US Raw Steel Production Rose US raw [...]
The Conference Board Leading Economic Index Confirms a Positive Outlook Released on 6/18, the Leading Economic Index (LEI) for the US increased 0.7 percent in May following a 0.7 percent April increase and a 0.4 percent increase in March. Increasing sharply again in May, the Leading Economic Index confirms a positive outlook for more economic [...]
The Chicago Fed National Activity Index (CFNAI) Released Tuesday 11/12/13, the index increased to +0.14 in September from +0.13 in August. The Index’s three month moving average (CFNAI-MA3) increased to -0.03 in September from -0.15 in August, marking its seventh consecutive reading below zero. September’s CFNAI-MA3 suggests that growth in national economic activity was slightly [...]
Monday September 16, 2013 another tragedy in America 12 people murdered at the Navy Yard outside Washington, DC. The shooter was killed though now it is unlikely we will learn of his twisted motivation to commit such a cowardly act on innocent people. How did he get past security? He had a couple of firearm [...]
Tuesday May 14 Cover up in Benghazi? IRS targeting conservative groups? Justice Department monitoring calls from the Associated Press? Thus far, only the Benghazi tragedy has produced hard facts leading to charges of, at a minimum, total incompetence. A continuing cover up of the facts is likely what happened here. The IRS has apologized, which [...]
Last Friday (2/15) the Board of Governors of the Federal Reserve system issued a revision to the January 2013 industrial production numbers which showed a contraction of 0.1 percent after having risen 0.4 percent in December and 1.7 percent in November. For the fourth quarter as a whole, manufacturing production as a whole, is now [...]
