Monthly Archives: November 2013

//November

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|

Largest Barometer Advance in 30 Years

Some of last week’s economic data include: Businesses managed to create a meager 148,000 jobs in September, which includes an increase of 22,000 government jobs. We are just whizzing along aren’t we? The unemployment rate ticked down to 7.2% but an estimated 136,000 people dropped out of the labor force in the month…these people who [...]

2013-11-01T17:26:58+00:00A View|