Economic Statistics for 14 Sep 11
Today’s statistical releases:
Producer prices were restrained last month, with the overall PPI remaining unchanged, and the core rate rising only 0.1%.
Retail sales were weaker than expected, with the month-over-month sales rate increase in August unchanged from July. Less autos, the change was only a 0.1% increase.
Business inventories rose only 0.4% in July against a 0.7% rise for business sales.
MBA Purchase Applications for the September 9 week rose by 6.3%, the first overall increase in several weeks.
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Dale Franks
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Q: What was the poverty rate in 1966, just as all the Great Society programs began to crank up?
A: About 15 percent.
Q. What was the poverty rate in 2010?
A. About 15 percent.
After 45 years of fighting with no exit strategy, the “War On Poverty,” is a quagmire.