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Fact of the Week

Climate Posturing at UN While Concerns of Americans Go Ignored

By at 22 September, 2014, 9:17 pm

The United Nations one-day summit on “climate change” on September 23 has all of the makings of grandiose political posturing by some 120 leaders from around the globe – including President Barack Obama. Meanwhile, real issues that matter to people continue to be ignored. Consider, for example, that the summit has nothing to do with […]

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What Does the Recent Batch of Economic Data Tell Us?

By at 19 September, 2014, 12:04 pm

An assortment of economic data has been released over the past couple of weeks. Let’s take a look at a few key indicators, and by doing so, hopefully get a clearer picture of where the economy stands. • Jobs. On the jobs front, the numbers for August were not pretty. In terms of the establishment […]

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FACT OF THE WEEK: July CPI, the Fed, and the Inflation Curve

By at 19 August, 2014, 10:46 am

In July, the Consumer Price Index (CPI) for All Urban Consumers, a standard gauge of inflation, cooled as compared to recent months. CPI rose 0.1 percent for the month. That was the slowest rise since February, as CPI inflation ran at 0.2 percent in March, 0.3 percent in April, 0.4 percent in May and 0.3 […]

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FACT OF THE WEEK: Good News on Industrial Production

By at 15 August, 2014, 12:07 pm

We got some good economic news on the morning of Friday, August 15, as industrial production for July increased by 0.4 percent. Industrial production is an index measuring the physical output of all manufacturing, mining, and electric and gas utility establishments in the U.S. Manufacturing output, which makes up the biggest portion of industrial production, […]

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FACT OF THE WEEK: Productivity and Investment

By at 8 August, 2014, 1:04 pm

The health of the U.S. economy comes down to the vitality of private-sector risk taking, that is, entrepreneurship and investment. The Bureau of Labor Statistics released second quarter productivity data on August 8. Nonfarm business sector labor productivity grew by 2.5 percent. That’s a healthy clip, until it is put in perspective with a decline […]

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FACT OF THE WEEK: Uncorking Inflation

By at 22 July, 2014, 3:41 pm

With the Federal Reserve running loose money without any precedent in the history of our nation, and for almost six years now, is inflation finally being uncorked? The rise in the Consumer Price Index (CPI) over recent months points to real and significant concerns about inflation. As defined by the Bureau of Labor Statistics, the […]

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FACT OF THE WEEK: Industrial Production, the Economy and Energy

By at 17 July, 2014, 3:45 pm

The Federal Reserve released industrial production data for June and the second quarter of 2014 on July 16, and the numbers generally buttress the idea of a bounce back in economic growth in the second quarter. Unfortunately, though, as we have seen throughout this poor recovery, this does not mean economic growth will be sustainable. […]

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FACT OF THE WEEK: Another Piece of Labor Market Puzzle

By at 10 July, 2014, 3:19 pm

We got another piece of the labor market puzzle on the morning of July 10 with the U.S. Department of Labor releasing the latest initial jobless (unemployment insurance) claims for week ending July 5. Coming after a generally positive jobs report for June, initial jobless claims fell by 11,000 last week to 304,000. That compares […]

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Five Key Points on June Jobs Data

By at 3 July, 2014, 11:32 am

Well, we finally got a rare solid month on the jobs front in terms of both the government’s establishment (payroll) and household surveys. However, the continuing and very troubling decline in self-employment continued. Consider five key points on the jobs numbers: 1) PAYROLLS UP: The establishment survey showed that payrolls for June increased by 288,000. […]

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That Incredibly Shrinking First Quarter GDP

By at 26 June, 2014, 5:39 pm

Real GDP growth just keeps shrinking. Actually, it’s more accurate to say that the decline in real GDP during the first quarter keeps getting larger with each revision. When the Bureau of Economic Analysis released it’s first estimate of real GDP growth for the first quarter of 2014, it registered 0.1 percent. The second revision […]

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