Anyone whose labors take him into the far reaches of the country, as ours have lately done, is bound to mark how the years have made the land grow fruitful. This is indeed a big country, a rich country, in a way no array of figures can measure and so in a way past belief [...]
Here beginneth the chronicle of those memorable circumstances of the year 1620, ... as recorded by Nathaniel Morton, keeper of the records of Plymouth Colony, based on the account of William Bradford, sometime governor thereof: So they left that goodly and pleasant city of Leyden, which had been their resting place for above eleven years, [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]