ism rebound
Manufacturing seems to have rebounded from recent lows. Time (and credit expansion) will tell if it falls back to recent ‘average’ or moves on to
September 3, 2013
Manufacturing seems to have rebounded from recent lows. Time (and credit expansion) will tell if it falls back to recent ‘average’ or moves on to
Karim writes: Details firm-especially new orders and employment (highest level since Oct 2007) Nov Oct Composite 55.0 54.3 Prices Paid 63.2 68.3 New Orders 57.7
With a federal budget deficit still as large as it is, not all that much of a surprise. Karim writes: Nice upside surprise: Orders and
Karim writes: Data: General impression is manufacturing is slowing but ‘building blocks’ for consumer getting better (sorry for delay) Consumer Personal income up 0.5% in
With modest GDP growth and a 1.4 trillion deficit downside to equities can only come from an external shock. High unemployment keeps the Fed on
I tend to agree with Karim and Fed Chairman Bernanke. Modestly improving GDP growth with unemployment coming down very gradually until a consumer credit expansion
With deficit spending running at about 7% of gdp modest growth should continue, with the ‘hand off’ coming when private sector credit expansion kicks in,
Yes, I think we have a nice L shaped economy with modest GDP growth and modestly improving employment, so far mostly evidenced by the increased
Karim writes: Similar to manufacturing, service sector ISM stabilizing at high levels; Large increase in backlogs also bodes well for future activity. With employment index
Karim writes: All key components up; prices paid lower but still at high level. Employment up 4pts and up 4.5pts relative to 6mth avg. Hopefully,