Yearly Archives: 2013

/2013

Topping historical trends

Led by gains in employment and production related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.60 in November from -0.07 in October. Topping a historical trend The index’s three month moving average (CFNAI-MA3) increased to +0.25 in November from +0.12 in October, marking its second consecutive reading above zero and its highest [...]

2013-12-27T21:30:23+00:00A View|

A Nice Christmas Present

Industrial production soared in November 1.1 percent higher. Manufacturing output rose 0.6 percent in November, 2.9 percent year over year. October output was revised 0.2 percentage point. According to Dr. Kenneth Mayland, economist for the Precision Machined Products Association, This is the best two month gain in industrial output since early 2012 (for manufacturing, it's [...]

2013-12-20T15:06:55+00:00A View|

The Second Half Pop

This being early December I am once again in Cabo San Lucas to re-charge for the coming year. I was reviewing a paper from the Precision Machined Products Association quarterly economic report from the Institute of Trend Research. They are forecasting (for the major industries relevant to its industry) strength through the first half of [...]

2013-12-06T15:54:06+00:00A View|

Giving Thanks

There is not much news I am going to report for this short work week. The stock market continues to reach new highs and generally speaking that is good news. I am not a fan of allowing Iran to continue to enrich uranium. All of their centrifuges remain in existence. In my view it is [...]

2013-11-27T13:55:47+00:00A View|

Dow Jones Record High!

Monday: The Dow Jones Industrial average crosses 16,000 for the first time ever. What’s in your safe?” Tuesday 11/19/13 today is the 150th anniversary of Abraham Lincoln’s Gettysburg Address. President Obama chooses not to participate. That’s nice. US raw steel production rebounded 1.5 percent last week from the previous week as mills operated at an [...]

2013-11-22T16:08:02+00:00A View|

Slow Growth, Headed in Right Direction

The Chicago Fed National Activity Index (CFNAI) Released Tuesday 11/12/13, the index increased to +0.14 in September from +0.13 in August. The Index’s three month moving average (CFNAI-MA3) increased to -0.03 in September from -0.15 in August, marking its seventh consecutive reading below zero. September’s CFNAI-MA3 suggests that growth in national economic activity was slightly [...]

2013-11-15T21:49:57+00:00A View|

Accountability

New orders for manufactured goods in September, up following two consecutive monthly decreases, increased 1.7 percent. Excluding transportation, new orders decreased 0.2 percent. New orders for manufactured durable goods in September, up five of the last six months increased 3.8 percent. Shipments of manufactured durable goods in September, up two consecutive months, increased 0.4 percent. [...]

2013-11-08T21:10:20+00:00A View|