Free Markets, Free People

Economic Statistics for 30 Nov 12

The following US economic statistics were announced today:

Personal Income was unchanged in October, while spending fell -0.2%. Both the headline and core the PCE Price Index rose 0.1%. On a year-over-year basis, both income and spending rose 3.1%, while inflation rose 1.7% at the headline level and 1.6% at the core level.

The Chicago Purchasing managers Index is essentially unchanged for November, up 0.1 points to 50.4, indicating barely any growth.

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Dale Franks
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3 Responses to Economic Statistics for 30 Nov 12

  • It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation, and by a US president personally, passed almost without comment last week. I refer to the November 20 announcement at a summit meeting in Phnom Penh that 15 Asian nations, comprising half the world’s population, would form a Regional Comprehensive Economic Partnership excluding the United States.

    President Barack Obama attended the summit to sell a US-based Trans-Pacific Partnership excluding China. He didn’t. The American led-partnership became a party to which no-one came.

    Instead, the Association of Southeast Asian Nations, plus China, India, Japan, South Korea, Australia and New Zealand, will form a club and leave out the United States.

  • 1.6% inflation…and bank 1 year CD rate is at most 1.15%.
    So we lose money on our savings. I bet 90% of Americans have no clue.