Questions and Observations

Free Markets, Free People

Economic Statistics for 8 Jan 13

The following US economic statistics were announced today:

In weekly retail sales, Redbook reports a very disappointing 2.1% increase from the previous year. ICSC-Goldman reports a weekly sales plunge of -4.2%, but a confusing 4.0% increase on a year-over-year basis, giving a very mixed picture.

Consumer credit rose strongly once again, up $16.0 billion for November, following $14.2 billion and $12.0 billion increases in October and September, respectively.

The NFIB Small Business Optimism Index rose 0.5 points in December to a still very low and recessionary 88.0.

~
Dale Franks
Google+ Profile
Twitter Feed

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

This is what the 2nd Amendment preserves

So you don’t think people should have guns. You think they’re dangerous. You think they should be banned. Well, here is what they are for. This happened about 10 miles from my home.

A Georgia mother hid her two 9-year-old twins and shot an intruder, Paul Ali Slater, several times during a home invasion on Friday, according to multiple media reports.

The Loganville mother said she didn’t initially answer when someone knocked on her door around 1 p.m. Friday. When the visitor began repeatedly ringing the doorbell, she called her husband at work.

When the suspect went into the closet where the family was hiding ,the woman fired six bullets at the suspect, five of which hit alleged suspect Paul Ali Slater in the face and neck area.

“He opens the closet door and finds himself staring down the barrel of a .38 revolver,” Walton County Sheriff Joe Chapman.

She was in obvious fear of her life and her safety and that of her children. She had a means of self-defense. She had an “equalizer”. And, apparently, she used it well, well enough that she was able to escape unharmed with her children to a neighbor’s house.

And remember this was all before police were able to respond. She had called her husband as the home invasion was taking place and he called 911.

Her husband has it right:

The victim’s husband said he’s proud of his wife.

“My wife is a hero. She protected her kids. She did what she was supposed to do as responsible, prepared gun owner.”

By the way, she is not a “victim”. However she would have been had she not been armed.

This is the way it is supposed to work.

~McQ

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

Observations: The QandO Podcast for 06 Jan 13

The holiday hiatus is over! This week, Bruce, Michael, and Dale discuss the Fiscal Cliff, Debt, and gun control.

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.

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

Economic Statistics for

The following US economic statistics were announced today:

Factory Orders were unchanged in November.  Non-durable orders fell -0.6%, but on the plus side, durable orders rose 0.8%. Included in that were a sharp rise in capital goods, which suggests future spending is on the way.

The November Employment Situation indicates that there were 155,000 net new jobs created in November, and the unemployment rate rose to 7.8%. Average hourly earnings rose 0.3%, while weekly hours rose slightly to 34.5 hours. The labor force participation rate held steady at a low 63.6%. At historical labor force participation rates, the unemployment rate would be 11.41%, up from 11.23% in October.

The ISM Non-Manufacturing Index rose 1.4 points to a better-than-expected 56.1.

~
Dale Franks
Google+ Profile
Twitter Feed

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

Should we ban “assault” hammers?

Because they kill more than all rifles each year, including “assault rifles”.

In 2005, the number of murders committed with a rifle was 445, while the number of murders committed with hammers and clubs was 605. In 2006, the number of murders committed with a rifle was 438, while the number of murders committed with hammers and clubs was 618.

And so the list goes, with the actual numbers changing somewhat from year to year, yet the fact that more people are killed with blunt objects each year remains constant.

For example, in 2011, there was 323 murders committed with a rifle but 496 murders committed with hammers and clubs.

Where is DiFi when you need her.   License hardware stores. Register hammers. And get those nasty looking “assault hammers” off the market.

And by the way, there is no right to a hammer, is there?  No Second Amendment for hammers or clubs. Where are the Democrats on this?

By the way, I assume you can do the math concerning the minute number of deaths in the US by rifle and figure out that for the most part it would be considered statistical noise if we were talking about anything else.

~McQ

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

Economic Statistics for 3 Jan 12

The following US economic statistics were announced today:

The Bloomberg Consumer Comfort Index rose 0.3 points this week to -31.8, an 8-month high.

Chain stores are reporting December sales today, and it seems to be a mixed bag, as some retailers are lowering earnings guidance, while others are raising it. Many report the month got off to a slow start, forcing retailers to offer greater discounts.

The MBA reports that mortgage applications fell -21.6% last week, with purchases down -14.8% and refinancings down -23.3%.

The Challenger Job-Cut Report shows only 32,556 layoffs in December, the lowest since August.

The ADP Employment Report shows a strong 215,000 gain in private payrolls for December. We’ll see if that’s reflected in tomorrow’s Employment Situation.

Initial claims for unemployment rose 10,000 last week, to 372,000. The 4-week moving average rose 3,250 to 360,000, Continuing claims rose 44,000 to 3.245 million. The improvement last week is now gone due to a sharp revision upward 12,000  to 362,000.

~
Dale Franks
Google+ Profile
Twitter Feed

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

And now the “rich” will pay…

I hate to say “I told you so”, but it isn’t just the rich who will be paying increased taxes. And what should be clear to anyone with the I Q of a turnip, is that this will cost people their jobs.

The compromise called for taxes to rise to 39.6% from 35% on personal income above $400,000. In a 2011 study, the Treasury Department found that raising taxes on incomes over $500,000 would affect roughly 750,000 small businesses organized as S-Corps, partnerships and other small entities.

Of course, you remember the Democrats claiming that this wouldn’t affect small businesses. Well, that was a flat out lie. But then we live in an era of lies which, if there political apparently, we’re willing to overlook. While most of us are. I just had to be one of those who isn’t.   Not that Democrats are the only political liars, but they seem to be the most prolific and the most blatant. Especially when it comes to budget, deficit, and financial matters. They are the quintessential “snake oil” salesman.

And they have sold us are huge bottle of snake oil.

Couple these tax increases with the Obamacare taxes that kicked in on the 1st, and you have two reasons for 750,000 small businesses not to hire. And you can bet none of them will go over 50 employees, and some may even reduce staff to get under that number.

These are your “rich”. They happen to be the “rich” would generate jobs, or what have, if they hadn’t been hit by two new taxes this year.

Your government at work.

~McQ

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

Economic Statistics for 2 Jan 13

The following US economic statistics were announced today:

In weekly retail sales, Redbook reports a below-plan 2.9% increase from the previous year. ICSC-Goldman reports a relatively strong weekly sales increase of 0.6%, and a 2.7% increase on a year-over-year basis.

Construction spending in November fell -0.3%, though it was still 7.7% higher on a year-over-year basis.

The Markit Economics’ final December PMI Manufacturing Index is 54.0, up 1.2 points from November’s 52.8.

The ISM Manufacturing Index is a relatively weak 50.7 for December, but is still up more than a point from November’s 49.5.

~
Dale Franks
Google+ Profile
Twitter Feed

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

Buy Dale’s Books!