Third Quarter GDP Increased at Annual Rate of 2%

BEA Reports Third Quarter GDP Increased According to the “third” and final estimate of third quarter GDP by the Bureau of Economic Analysis (BEA), the value of goods and services produced by the nation’s economy, less the value of goods and services used up in production, adjusted for price changes, the third quarter GDP increased [...]


Declines in Production-Related Indicators

Declines in Production-Related Indicators Slows Economic Activity Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved down to-0.30 in November from -0.17 in October. The index’s three month moving average (CFNAI-MA3) decreased to -0.20 in November from -0.18 in October. November’s CFNAI-MA3 suggests growth in national economic activity was somewhat [...]


Oil Prices Dropped

Oil Prices Dropped to Their Lowest Levels in 7 Years Oil prices dropped to their lowest levels in 7 years on expectations that producers will continue pumping crude in an already oversupplied market.. WSJ Federal Deficit The federal government incurred a deficit of $64.6 billion in November, bringing the total deficit through the first two [...]

2015-12-11T09:07:52-05:00A View|

Pray for Peace

Enjoy a great Thanksgiving Holiday…pray for peace These editorials have appeared annually in the Wall Street Journal since 1961 THE DESOLATE WILDERNESS 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 [...]

2015-11-25T10:37:10-05:00A View|

Slightly Positive General Activity

The Federal Reserve Bank of Philadelphia November 2015 Manufacturing Business Outlook Survey Indicated Slightly Positive General Activity Manufacturing conditions in the region showed slight improvement this month, according to firms responding to the Survey. The indicator for general activity was slightly positive this month, following two months in negative territory.” Conference Board Leading Economic Index [...]

2015-11-20T16:26:10-05:00A View|

Auto Sales on Pace for Record Year

A BRIGHT SPOT: Auto Sales Auto sales in October registered an impressive 18.1 million unit annual pace for a second consecutive month and are on pace for a record year in sales. Institute for Supply Management (ISM) October Report on Business Economic activity in the manufacturing sector expanded in October for the 34th consecutive month [...]

2015-11-07T13:01:58-05:00A View|

Chicago Business Barometer Increased Sharply in October

The Chicago Business Barometer Increased to Highest Level Since January Led by strong gains in both Production and New Orders the Chicago Business Barometer increased 7.5 points to 56.2 in October from 48.7 in September. The sharp increase in the Barometer pushed it to its highest level since January and marks a promising start to [...]

2015-10-30T16:52:53-04:00A View|