Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts

Observations: The QandO Podcast for 01 Aug 14

This week, Michael, and Dale talk about all kinds of stuff.

The podcast can be found on Stitcher here. Please remember the feed may take a couple of hours to update after this is first posted.

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 Stitcher. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here.

Economic Statistics for 31 Jul 14

The employment cost index rose 0.7% in the 2nd Quarter of 2014, versus a record low 0.3% rise in Q1.

Challenger reports that the 18,000 layoff announcement from Microsoft inflated the July layoff count to 46,887 vs. 31,434 in June.

The Chicago Purchasing Managers Index plunged 10.0 points to 52.6 in July. This is a volatile index, however.

Gallup’s July Payroll to Population employment rate was stable at 45.1%, rising just 0.1% for the month.

The Bloomberg Consumer Comfort Index fell -1.3 points to 36.3 in the latest week, the lowest level in two months.

Weekly initial jobless claims rose 23,000 to 302,000. The 4-week average fell 2,750 to 297,250. Continuing claims rose 31,000 to 2.539 million.

The Fed’s balance sheet fell $-4.1 billion last week, with total assets of $4.407 trillion. Total reserve bank credit rose by $-0.2 billion.

The Fed reports that M2 money supply rose $23.5 billion in the latest week.


Dale’s social media profiles:
Twitter | Facebook | Google+

Economic Statistics for 30 Jul 14

The Commerce Department’s initial GDP estimate for 2Q 2014 came in at a 4.0% annualized rate of growth. The GDP price index rose at an annualized 2.0%. The Commerce Department says the high growth in the quarter is a rebound from the weather-related GDP declines in 1Q.

The Federal Open Markets Committee met today, and left interest rates unchanged, with a Fed Funds target rate of 0.0%-0.25%.

ADP’s estimate for private payroll growth in July is 218,000 jobs. Econoday’s analyst consensus is a bit higher at 235,000.

The MBA reports that mortgage applications fell -2.2% last week. Purchases rose 0.2% but re-fis fell -4.0%.


Dale’s social media profiles:
Twitter | Facebook | Google+

Economic Statistics for 29 Jul 14

ICSC-Goldman reports weekly retail sales up 0.2%, and were up 4.6% on a year-over-year basis. Redbook reports a 3.0% rise in retail sales over last year.

The S&P/Case-Shiller 20-city home price index continued to fall in May, down -0.3% for the month. On a year-over-year basis, the index is up 9.3%, however.

The Conference Board’s consumer confidence index is moving steadily to new recovery highs, to 90.9 in July.

The State Street Investor Confidence Index fell to 114.7 in July from a revised 119.3 in June.


Dale’s social media profiles:
Twitter | Facebook | Google+

Observations: The QandO Podcast for 25 Jul 14

This week, Michael, and Dale talk about the Halbig Decision, Immigration and lawn watering.

The podcast can be found on Stitcher here. Please remember the feed may take a couple of hours to update after this is first posted.

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 Stitcher. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here.

Economic Statistics for 24 Jul 14

The Bloomberg Consumer Comfort Index rose 0.1 points to 37.6 in the latest week.

Weekly initial jobless claims fell a surprising 19,000 to 284,000. The 4-week average fell 7,000 to 302,000. Continuing claims fell 8,000 to 2.500 million.

The PMI Manufacturing Index Flash fell from 57.6 to 56.3 in July.

June new home sales fell very sharply to a 406,000 annual rate from May’s 504,000. Prices fell 3.2% to a median price of $273,500.

The Kansas City Fed manufacturing index rose to 9 in July from 6 in June.

The Fed’s balance sheet rose $12.5 billion last week, with total assets of $4.411 trillion. Total reserve bank credit rose $14.7 billion.

The Fed reports that M2 money supply fell $-12.4 billion in the latest week.


Dale’s social media profiles:
Twitter | Facebook | Google+

Economic Statistics for 22 Jul 14

In weekly retail sales, Redbook reports a 3.7% increase from the previous year. ICSC-Goldman reports a weekly sales decline of -0.4%, and a slow 2.8% increase on a year-over-year basis.

The Consumer Price Index rose 0.3% in June, but only 0.1% less food and energy. On a year-over-year basis, the CPI is up 2.1% overall, and 1.9% less food and energy.

The FHFA House Price Index rose 0.4% in May, and is up 5.5% on a year-over-year basis.

Existing home sales rose a sharp 2.4% in June, to a 5.04 Million annual rate.

The Richmond Fed manufacturing index rose from 3 to 7 in June.


Dale’s social media profiles:
Twitter | Facebook | Google+