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Tag Archives: RJS

3rd Quarter GDP Grew at a 2.1% Rate, Revised from 2.0%

Blogger and Commenter RJS, 3rd Quarter GDP Grew at a 2.1% Rate, Revised from 2.0%; All on Inventories, No Real Final Sales The Second Estimate of our 3rd Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew at a 2.1% annual rate over the quarter, revised from the 2.0% growth rate reported in the advance estimate a month ago, as personal consumption expenditures grew more than was previously...

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Oct. Durable Goods: New Orders Down 0.5%, Shipments Up 1.5%, Inventory Up 0.6%

RJS at MarketWatch 666, October Durable Goods: New Orders Down 0.5%, Shipments Up 1.5%, Inventories Up 0.6% The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for October (pdf) from the Census Bureau reported that the value of the widely followed new orders for manufactured durable goods decreased by $1.2 billion or 0.5 percent to $260.1 billion in October, after September’s new orders were revised but still...

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Impacting Oil Pricing with SPR Oil Releases

Commenter and Blogger RJS at Focus on Fracking and MarketWatch 666 brought up the past history of US SPR oil releases and the impact on oil prices in the Comments section. Since 1990, each time releases (SPR) have been made, there has been a countering reduction of oil by OPEC which could include Russia this time. Taken from Tyler Durbin’s Zero Hedge post entitled “Saudis, Russians Consider Pausing Oil Production Increases In Retaliation To...

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Retail Sales Up 1.7% in October, August and September Revised Higher

MarketWatch 666 Blogger RJS on the macroeconomic implications of retail sales, estimates the impact of retail sales on GDP. Retail Sales Rose 1.7% in October after August & September Sales Were Revised Higher Seasonally adjusted retail sales increased 1.7% in October after retail sales for August and September were revised higher…the Advance Retail Sales Report for October (pdf) from the Census Bureau estimated that seasonally adjusted...

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Global Oil shortage at 1,930,000 barrels per day in October

Blogger RJS, MarketWatch 666 and Focus on Fracking, Global Oil Shortage at 1,930,000 barrels per day in October as OPEC’s output falls 588,000 barrels per day short of quota OPEC’s October Oil Market Report Thursday of this week saw the release of OPEC’s November Oil Market Report, which includes OPEC & global oil data for October, and hence it gives us a picture of the global oil supply & demand situation for the third month after...

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Annual Inflation at a 31 Year High

Commenter and Blogger RJS, MarketWatch 666. CPI Rose 0.9% in October on Higher Prices for Food, Shelter, Energy, and Vehicles; Annual Inflation at a 31 Year High And October at +0.94332% exceeds June at +0.90486% so it’s the biggest one month jump in over 13 years.. The consumer price index rose 0.9% in October, the greatest one month jump since June 2008, as higher prices for food, energy, new and used vehicles, furniture and outdoor...

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Record PPI, Final Demand Goods, and Intermediate Goods Prices

Others are calling October at 8.6% equal to September’s record, but adding additional decimal points shows October +8.6265% clearly higher than September’s +8.5931% “Record 8.6% Annual Increase in October Producer Price Index; Record 14.2% Increase for Final Demand Goods, and a 46 year Record for Prices of Intermediate Goods,” RJS, MarketWatch 666 The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.6% in October, as...

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Jobs, Trade Deficit, Construction Spend, and Factory Inventory Reports

MarketWatch 666: Commenter and Blogger RJS; October’s jobs report; September’s trade deficit, construction spending, and factory inventories, et al Major economic reports that were released the past week included the Employment Situation Summary for October from the Bureau of Labor Statistics, and three September reports that included metrics which were either estimated or included in last week’s release of 3rd quarter GDP: the Commerce Dept...

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Jobs, Trade Deficit, Construction Spend, and Factory Inventory Reports

MarketWatch 666: Commenter and Blogger RJS; October’s jobs report; September’s trade deficit, construction spending, and factory inventories, et al Major economic reports that were released the past week included the Employment Situation Summary for October from the Bureau of Labor Statistics, and three September reports that included metrics which were either estimated or included in last week’s release of 3rd quarter GDP: the Commerce Dept...

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September Trade Deficit Rises 11.2% to a Record High

September Trade Deficit Rises 11.2% to a Record High on Lower Exports of Precious Metals, Oil & Oil Products and Capital Goods, MarketWatch 666, Commenter and Blogger RJS Our trade deficit rose by 11.2% in September as the value of our exports decreased and value of our imports increased…the Commerce Dept report on our international trade in goods and services for September indicated that our seasonally adjusted goods and services trade...

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