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 [...]
Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased in June from May. The index’s three month moving average (CFNAI-MA3) increased to -.026 in june from -0.37 in May, marking its fourth consecutive reading below zero. June’s CFNAI-MA3 suggests growth in national economic activity was below its historical trend. The [...]
It is becoming increasingly clear that Congress will not act to stop the sequester spending cuts from taking place. The cuts will take place between March 1 and September 30, the last day of the government’s fiscal year. Split evenly between defense spending and spending for other discretionary programs: $85 billion dollars. I do not [...]
The Keystone Pipeline: Dragging on for four years now a decision on the project will not be made any time soon, despite support by a majority in the US Senate where last week 53 members signed a letter urging President Obama to approve the project. Shovel ready jobs…..waiting, waiting…. The Purchasing managers index [...]