Free Markets, Free People

Daily Archives: May 15, 2013

Economic Statistics for 15 May 13

Here are today’s statistics on the state of the economy:

The MBA reports that mortgage applications fell a sharp -7.3%. Purchases fell -4.0% while re-fis fell -8.0%.

The Producer Price Index fell -0.7% in April, but the core rate—less food and energy—rose 0.1%. On a year-over year basis, the PPI 0.1% while the care rate rose 1.7%.

The Empire State Manufacturing Survey fell more than 4 points to -1.43 in April.

The Treasury reports that the net outflow of capital from the US was $-13.5 billion in March. Foreign accounts bought a net $15.3 billion of US securities, while US accounts bought $28.8 billion of foreign securities.

The Fed reports that Industrial Production fell -0.5% in April, as capacity utilization in the nation’s factories fell to 77.8%.

The Housing Market Index rose 2 points to 44 in May.

E-Commerce sales rose 2.7% in the 1st Quarter of 2013, down from 4.4% in the 4th Quarter of 2012.

Dale Franks
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President Obama attends less than 50% of his intel briefings

Besides improving his golf game, you have to wonder what we pay this guy for:

A report by the Government Accountability Institute found that in his first 1,225 days in office, Obama only attended 43.8% of his daily intelligence briefings.

And in the days leading up to Benghazi, well, he had more important things to do than sit in on what should be the first thing he does everyday:

As Breitbart News exclusively reported the day after the September 11, 2012 terrorist attack, Obama did not attend his intelligence briefings (known officially as the presidential daily brief, or PDB) for the week leading up to the attacks.

Hard to lead when you don’t know wtf is going on, isn’t it?