Economic Statistics for 29 Jan 13
The following US economic statistics were announced today:
Consumer confidence continues to drop, with the January index falling to 58.6, the lowest in two years.
The State Street Investor Confidence Index rose to 86.8, despite economic concerns among institutional investors in Europe.
S&P Case-Shiller reports home prices rose 0.6% in November, and were up 5.5% on a year-over-year basis.
In weekly retail sales, Redbook reports another slow week, with a 1.6% increase from the previous year. ICSC-Goldman reports a weekly sales decrease of -1.0%, and only a 2.0% increase on a year-over-year basis.
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Dale Franks
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On Monday’s broadcast of “Morning Joe,” New York Times columnist and Nobel Prize-winning economist Paul Krugman argued that “deficit things” aren’t something to be worried about, at least for the time being. But according to Steve Rattner, the Obama administration’s former “car czar,” Krugman’s analysis is the economic equivalent of climate change denial.
Barack Obama … “Debt Denier”
http://dailycaller.com/2013/01/29/former-obama-car-czar-likens-paul-krugmans-economic-analysis-to-climate-change-denial/#ixzz2JOJxDXiE
Krugman’s history shows that “deficit things” are not something to be worried about now…..but when a Republican administration is in power, THEN its time to worry about them.
Boehner will look like a genius by the end of the year.
First, he gets 99% of Bush tax cuts made permanent while getting Obama to own the economy with his “victory”
Meanwhile, there have been some bad signs in Europe.
Today, Drudgereport announces: “GDP Shows Surprise Drop for U.S. in Fourth Quarter” and “GDP -0.1%…”
Own it Barack !!
$165 billion in Q4 stimulus could not even generate a positive GDP return
Surprise….yeah, surprise…of course surprise. But guns and immigration, that’s our focus, laser like.
Four years of hearing how it’s getting better. And Not a single George Bush in sight. Damn shame, no?