Questions and Observations

Free Markets, Free People

Economic Statistics for 13 Sep 16

The Treasury reports the federal government’s deficit is growing, at $-107.1 billion for August. The year-to-date deficit is $-620.8 billion, 17.1% higher than  August, 2015.

The NFIB Small Business Optimism Index fell -0.2 points to 94.4 in August.

Redbook reports that last week’s retail sales growth rose to 0.8% on a year-ago basis, from the previous week’s 0.4%.


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Observations: The QandO Podcast for 9 Sep 16

Podcastlogo 150x150The Seattle Seahawks may do an anti-flag protest on Sunday…the Anniversary of 9/11. Because justice. Donald Trump loves black people. Europeans have much better banking and cell phone technology than we do. The Big Short is a great movie that explains how deeply cronyist corruption has spread in our financial system, and also has Margo Robbie in a bubble bath explaining credit swaps. Wells Fargo fired 5,300 employees for creating 1.5 million fraudulent banking accounts to collect service fees from unknowing customers. Apple announced the new iPhone this week, along with the fact that they no longer do innovation. But, really, who does, anymore?

This week’s podcast is up on the Podcast page.

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Observations: The QandO podcast for 2 Sep 16

Podcastlogo 150x150Hillary Clinton  can barely remember being Secretary of State, much less what happened to her emails. Gun sales to medical marijuana cardholders are banned, so no more shooting while high. SJWs are punchably irritating in every way. 2nd Lieutenants are pretty dumb. Gene Wilder dies. Comedy idea: A half-hour sitcom based in a Nazi prison camp. What is porn good for? Not families, apparently. Government makes a bad family. Black people hate Republicans, but Manhattan millionaire Donald Trump thinks he can change that.

This week’s podcast is up on the Podcast page.

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Economic Statistics for 2 Sep 16

A lackluster 151,000 net new jobs were created in August, while the Unemployment Rate was unchanged at 4.9%. The labor force participation rate was unchanged at 62.8%. Average hourly earnings rose 0.1%, but the average workweek fell -0.2 hours to 34.3 hours.

A rise in exports lowered the July trade deficit to $-39.5 billion, down from $-44.5 billion in June.

After monthly declines of -1.2% and -1.8%, factory orders rose 1.9% in July, with core capital goods orders up 1.5%.


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Less than five months before this program terminates

While Not AmericaDestroyed
   AndAlso Date.Now.Compare(#20170120#) < 0
      Golf.Play(GolfRoundType.NineHoles)
      Media.WhineTo()
      TerroristCaptives.ReleaseNext()
      IllegalImmigrants.Add(100,000)
      ForeignPolicy.Cave(Regime.Iran)
      ForeignPolicy.Cave(Regime.China)
      ForeignPolicy.Cave(Regime.Russia)
      Mirror.Preen()
      CheckStatus(AmericaDestroyed)
End While

It looks like the AmericaDestroyed flag isn’t going to quite make it to true before termination by the date condition.

Apologies to any of you Java or C# devs. I still use Visual Basic as my main language. Besides, it’s a bit easier for non-developers to follow.

Billy

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Economic Statistics for 1 Sep 16

Motor vehicle sales fell -5.0% in July to a 17.0 million annual rate. This was almost entirely due a fall in North American-made vehicles, which fell from a 14.3 million rate in June to a 13.4 million rate in July.

The final revision for 2nd Quarter productivity shows a -0.6% decline in productivity, while unit labor costs rose 4.3%.

Chain stores—those that still report monthly sales, anyway, mostly report higher year-on-year sales growth for August.

Construction spending was unchanged in July, and is up only 1.5% on a year-over-year basis.

In August, the PMI Manufacturing Index fell -0.9 points to 52.0, while the ISM Manufacturing Index fell -3.2 points to a contractionary 49.4.

Challenger reports that layoff announcements totaled 32,188 in August, down from 45,346 in July.

Gallup’s Good Jobs Rate fell from its record high of 47.1% in July to 46.5 in August, the 2nd-highest ever recorded.

Initial weekly jobless claims rose 2,000 to 263,000. The 4-week average fell 1,000 to 263,000. Continuing claims rose 14,000 to 2.159 million.

The Bloomberg Consumer Comfort Index fell -1.9 points to 43.3 in the latest week.

The Fed’s balance sheet fell $-15.9 billion last week, with total assets of $4.458 trillion. Reserve bank credit fell $-19.5 billion.

The Fed reports that M2 money supply rose by $22.0 billion in the latest week.


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Economic Statistics for 31 Aug 16

The Pending Home Sales Index rose 1.3% in July, to 111.3.

ADP’s Employment Report for August indicates that 177,000 new private sector jobs were created during the month.

The Chicago PMI fell -4.3 points in August to 51.5.

The MBA reports that mortgage applications rose 2.8% last week, with purchases up 1.0% and refis up 4.0%.


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Economic Statistics four 30 Aug 2016

Redbook reports that last week’s retail sales growth rose to 0.6% on a year-ago basis, from the previous week’s 0.2%.

The S&P Case Shiller home price index fell -0.1% in point 1% in June. On a year–over–year basis, the index is up 5.3%.

The Conference Board’s consumer confidence index rose 4 1/2 points to 101.1 in August.

The State Street Investor Confidence index fell a sharp -8.3 points in August to 89.7.


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Economic Statistics for 29 Aug 16

Personal Income rose 0.4% in July, while Consumer Spending rose 0.3%. The PCE Price Index was unchanged, but rose 0.1% at the core. On a year-over-year basis, the PCE Price index is up 0.8% overall, and 1.6% at the core.

The Dallas Fed Manufacturing Survey’s general activity index fell from -1.3 to -6.2, but the production index rose from 0.4 to 4.5 in August.


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Observations: The QandO Podcast for 26 Aug 16

Podcastlogo 150x150Technology would make our lives much easier, if it weren’t for entrenched government/corporate collusion. Donald Trump now may, or may not, expel the heathen foreigners, though there’ll still be a wall, believe me. There are more US Nazis than I previously thought, though, of course, Illinois Nazis are still the worst. UT Austin college students protest guns with dildos, and risk running afoul of Texas’s obscene device law, which makes possessing more than five dildos a felony. Apparently, having 5 dildos or less just makes you a hobbyist.

This week’s podcast is up on the Podcast page.

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