Tag Archives: Uncategorized

Sales = gross income, and profits are net income: Still down: Adjusted for inflation housing prices are about where they were 10 years ago:

Output was revised up, but mainly due to growing unsold inventory, with other spending revised lower and showing more deceleration than the first release: GDPHighlightsThird-quarter GDP is revised to an annualized plus 2.1 percent, up 6 tenths from the initial estimate but showing less strength by the consumer with final sales now at plus 2.7 from plus 3.0 percent. Higher inventories are a big factor in the upward revision, subtracting 6 tenths from GDP vs an initial 1.4 percent...

Rail Week Ending 14 November 2015: Contraction Grows Week 45 of 2015 shows same week total rail traffic (from same week one year ago) declined according to the Association of American Railroads (AAR) traffic data. Intermodal traffic contracted year-over-year, which accounts for approximately half of movements. and weekly railcar counts continued in contraction. The 52 week rolling average contraction grew. Not much happening:

Euro, the moment of Truth [embedded content]

LA area Port Traffic declined in October By Bill McBrideFirst, from the WSJ: Quiet U.S. Ports Spark Slowdown Fears For the first time in at least a decade, imports fell in both September and October at each of the three busiest U.S. seaports, according to data from trade researcher Zepol Corp. analyzed by The Wall Street Journal. …The declines came during a stretch from late summer to early fall known in the transportation world as peak shipping season, when cargo volumes typically surge...

Capitalism has always been characterized by a massive scrap heap of failures. Not to say the ‘winners’ don’t make it all worthwhile!;) Why technology spending isn’t all its cracked up to be: Study By Javier E. DavidOct 31 (CNBC) — Large companies often spend a good deal of money on cultivating their technology, but a new study suggests nearly 70 percent of what they spend may be misallocated.In a study, Genpact Research Institute recently found that, of nearly $600 billion spent on digital...

Last I checked this ‘counts’ as ‘personal consumption expenditure’: Premiums for Health Insurance Bought on Exchanges to Climb in 2016 Oct 26 (WSJ) — The Obama administration said many consumers will see noticeable premium increases when buying health coverage on insurance exchanges in 2016. Federal officials said Monday that the price of the second-lowest-cost midrange “silver plan”—a key metric for premiums around the country—will increase by 7.5% on average across the three-dozen states...

ECRI’s WLI Growth Index Declines Again and Remains In Contraction ECRI’s WLI Growth Index which forecasts economic growth six months forward – declined and remains in negative territory. This index had spent 28 weeks in negative territory, then 15 weeks in positive territory – and now is in its tenth week in negative territory. Also discussed below is the coincident and lagging index which is in decline. Rail Week Ending 17 October 2015: Contraction Continues Week 41 of 2015 shows same...

You can see the spike just before the NY tax break expired, followed by prior, lower levels of growth. This is not a sign of an ‘acceleration’ in housing, or even a housing ‘recovery’:This hasn’t updated yet: