Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts

Observations: The QandO Podcast for 31 Mar 13

This week, Bruce, Michael and Dale discuss the events of the week.

The direct link to the podcast can be found here.

Observations

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2010, they can be accessed through the RSS Archive Feed.

Economic Statistics for 29 Mar 13

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

Personal income rose 1.1% in February, while personal spending rose 0.7%. The PCE Price Index, an inflation measure, rose 0.4% at the headline level, and 0.1% at the core. On a year-over-year basis, personal income is up 2.6%, while spending is up 3.3%. The PCE Price Index is up 1.3%.

The Reuter’s/University of Michigan’s consumer sentiment index erased last month’s decline, rising to a strong 78.6 in March.

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Dale Franks
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Economic Statistics for 28 Mar 13

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

The final GDP estimate for 4th Quarter of 2012 came in at 0.4% annualized. The GDP price index, an inflation measure, rose 1.0%.

Initial jobless claims rose 16,000 to 357,000 last week. The 4-week average rose 3,250 to 343,000. Continuing claims fell 27,000 to 3.050 million, a recovery low.

The Chicago Purchasing Managers Index unexpectedly fell to 52.4 in March from 56.8.

Corporate profits in the 4th Quarter of 2012 rose 7.5% to $1.774 trillion annualized, up from $1.742 trillion in the third quarter.

The Bloomberg Consumer Comfort Index fell -1.5 points to -34.4 in the latest week.

The Kansas City Fed Manufacturing Index rose 5 points to -5 in March.

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Dale Franks
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Economic Statistics for 26 Mar 13

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

Durable goods orders soared 5.7% in February, mainly on new aircraft orders. Ex-transportation orders, however, fell -0.5%.

New home sales in February declined 4.6 percent to an annualized pace of 411,000.

The S&P Case-Shiller Home Price Index rose 1.0% in January, following 0.9% and 0.6% gains in the two prior months.

The Conference Board’s Consumer Confidence Index plunged more than 8 points to a reading of 59.7 for March.

The Richmond Fed Manufacturing Index fell 3 points to a March reading of 3.

The State Street Investor Confidence Index fell to 88.0 on lower demand for equities and rising demand for fixed income products.

In weekly retail sales, Redbook reports same store sales slowing to a 2.6% year-over-year sales growth rate. ICSC-Goldman Store Sales plunged -1.7% from last week, up only 1.0% from last year.

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Dale Franks
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Observations: The QandO Podcast for 24 Mar 13

This week, Bruce, Michael and Dale discuss the events of the week.

The direct link to the podcast can be found here.

Observations

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2010, they can be accessed through the RSS Archive Feed.

Economic Statistics for 21 Mar 13

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

Initial jobless claims rose 2,000 to 336,000. The 4-week average fell 7,500 to 339,750, while continuing claims rose 5,000 to 3.053 million.

The Philadelphia Fed Survey jumped 14.5 points in March, to a positive reading of 2.0.

Existing home sales rose 0.8% in February, to an annualized pace of 4.98 million, thanks to a rise in the supply of available homes.

The PMI Manufacturing Index Flash fell 0.3 points in March, to a still-positive 54.9.

The FHFA House Price Index rose 0.6% in January, up 6.5% on a year-over-year basis.

The Bloomberg Consumer Comfort Index fell 2.3 points to -33.9 in the latest week.

The Index of Leading Economic Indicators, which indicate economic conditions six months from now, rose a better-than-expected 0.5% in February.

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Dale Franks
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I’m live on Medium!

The guys who created Twitter and Odeo have moved on to a new venture, which, based on their track record, may show us the way to the future of online writing and publishing. It’s called Medium.Com, and it really is a different model of online writing that aims to promote better writing to more eyes.

I’ve been following Medium from it’s beginnings, and I finally received my invitation to start writing on medium.  I’ve got two articles up. One attempts to answer the question "Is Star Trek socialist?" and the other looks at what I’m learning as I start looking for a new car. Both are a bit tongue and cheek.

The way it works is that you can recommend articles you like. The more recommendations an article gets, the more visible it becomes to readers. Good articles get promoted to the top.

It’s a fascinating idea, and the track record of the guys who created it is pretty good. It may be a glimpse into the future of online writing.

By the way, if any of you like to write, and are a car person, I’ve created a collection called The Joy of Automotion that anyone can contribute to.

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Dale Franks
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