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,