While Not AmericaDestroyed
AndAlso Date.Now.Compare(#20170120#) < 0
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.
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.
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%.
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.
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.
Technology 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.
Durable goods orders rose 4.4% in July, with ex-transportation orders up 1.5% and core capital goods orders up 1.6%. On a year-over-year basis, however, orders have fallen -3.3%, ex-transportation orders are down -0.6%, and core capital goods orders are down -4.9%.
Initial weekly jobless claims fell 1,000 to 261,000. The 4-week average fell 1,250 to 264,000. Continuing claims fell 30,000 to 2.145 million.
The Bloomberg Consumer Comfort Index rose 1.7 points to 45.3 in the latest week.
The Fed’s balance sheet rose $7.4 billion last week, with total assets of $4.474 trillion. Reserve bank credit fell $-0.7 billion.
The Fed reports that M2 money supply rose by $22.9 billion in the latest week.
Existing Home sales fell -3.2% in June to a 5.39 million annual rate, which is -1.6% lower than the year-ago rate. This was despite a -1.4% monthly decline in the median price, at $244,100.
The FHFA House Price Index rose 0.2% in June, and is 5.6% higher than a year ago.
The MBA reports that mortgage applications fell -2.1% last week, with purchases down -0.3% and refis down -3.0%.
New home sales rose 12.4% in July, to a 654,000 annual rate.
The Richmond Fed Manufacturing Index fell from 10 to -11 in August.
The PMI Manufacturing Index Flash fell from 52.9 to 52.1 in August.
Redbook reports that last week’s retail sales growth was unchanged from the previous week at a very weak 0.2%% on a year-ago basis.