Free Markets, Free People

Economic Statistics for 17 Oct 13

The Housing Starts and Industrial Production reports were delayed due to the government shutdown.

Initial jobless claims fell 16,000 to 358,000. The 4-week average 11,500 to 336,500. Continuing claims fell 43,000  to 2.859 million.

The Bloomberg Consumer Comfort Index fell to a nearly seven-month low of -34.1 last week.

The general business conditions index of the Philadelphia Fed’s Business Outlook Survey fell 2.5 points to 19.8 in October.

The Fed reports that M2 Money Supply increased by $25.7billion last week.

The Fed’s balance sheet rose $54.9 billion last week, with total assets of $3.814 trillion. Reserve Bank credit increased $51.1 billion.

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2 Responses to Economic Statistics for 17 Oct 13

  • As proof of her [Janet Yellen] wisdom supporters have pointed to speeches she delivered in 2005 and 2006 in which she supposedly issued clear warnings about the dangers then building in the frothy real estate markets. Without any attempt at reasonable fact checking, these claims have been parroted by the media.

    However, a brief review of the speeches in question reveals that she issued no such warnings at that time.