Friday, February 4, 2011

Weekly Indicators: Late edition

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- by New Deal democrat The big news of the week was the employment report, showing a "disappointing" +36,000 increase in jobs in...

Is There Something Wrong With the BLS Employment Model?

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The following is pure conjecture. I have do data to support my central thesis. A commenter recently posted this observation: Is there somet...

BLS + 36,000, Unemployment at 9%

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From the BLS: The unemployment rate fell by 0.4 percentage point to 9.0 percent in January, while nonfarm payroll employment changed little ...

Yesterday's Market

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Thursday, February 3, 2011

The Economy Has Turned the Corner

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Last year the economy was doing well until two events occurred: the EU situation and the gulf oil spill. Those two events pushed back progr...

Jobs and Jobless Claims: tomorrow all we knew changes

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- by New Deal democrat This morning the BLS reported weekly initial jobless claims of 415,000. The 4 week average is 430,000. For now we...

ADP + 187,000

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From ADP Private-sector employment increased by 187,000 from December to January on a seasonally adjusted basis, according to the latest ADP...

Yesterday's Market

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So -- let's review. 1.) The market is still moving higher, although the higher risk averages (QQQQs and IWMs) are weakening. Essentiall...
Wednesday, February 2, 2011

ISM Prints Strong Number

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From the ISM: "The manufacturing sector grew at a faster rate in January as the PMI registered 60.8 percent, which is its highest leve...

Has Nonresidential Construction bottomed?

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- by New Deal democrat Lost in usual chatter about the monthly decline in private nonresidential construction spending reported for Decemb...

Yesterday's Market

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Tuesday, February 1, 2011

Tax Burden the Lowest in 50 Years

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From USA Today: Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau...

Chicago ISM Screams Higher

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From the ISM: January 2011: The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER improved to its highest level since Ju...

Yesterday's Market

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Monday, January 31, 2011

The Importance of Savings

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The chart above shows the U.S. savings rate, which has been clocking in between 5%-6% for almost two years. This is an incredibly importanc...

Krugman on Commodities

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From the NY Times: So the case for a speculative component is a lot stronger this time around. But — and this is important — the speculation...

U.S. Is the World's Largest Manufacturer

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From the AP: Yet America remains by far the No. 1 manufacturing country. It out-produces No. 2 China by more than 40 percent. U.S. manufact...

Yesterday's Markets

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Friday, January 28, 2011

Weekly Indicators: Good bye Recovery Edition

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- by New Deal democrat The big news this week was 4th Quarter GDP, which was +3.2% unadjusted, and up 2.6% in real terms, and up 2.9% for al...

Real GDP Up 3.2%

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From the BEA: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States --...