Blog Archives

US Economy: Roughing up on Bad news Thursday

The day before the BLS Jobs report, everything is looking black and blue for the US economy with the Dollar index at 83 and courtesy the Euro still climbing inordinately at 83, while that has kept commodities tired, it also

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Posted in Amitonomics, housing, Retail Lifestyle, US

US Economy (Friday Blanks): Personal Income data worries are back, Chicago PMI

Personal income data rang a few alarms despite a positive disposition, that is spending for the year is up 4.1% with income only up 3.2% and that should worry anyone with economy;s recovery plans from Q1 still firmly building up

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Posted in Financial Markets, Retail Lifestyle, US

US Economy: Chicago PMI scores a well rounded 64

The Chicago PMI may well be revised for January and come near 61 for February again conforming the robust Auto, other manufacturing and services growth incl new jobs in America’s great Mid West. The Chicago PMI for February came in

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Posted in Financial Markets

US Economy: The consequences of a Romney win, Auto PMIs and all that Europe but PE pay

At some stage , all Americans will deal with the question. As of now ahead of Super Tuesday, only data for Ohio favoring Santorum and Georgia favoring Newt 2012 campaign’s available and after the win of nearly 59 delegates yesterday

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Posted in Financial Markets

US Economy: A Services thrust is in the making

The ISM Services consensus was somehow muted at 53.6 and the numbers that came out hinted at a reading of the previous data again and again. The employment data is consistently positive across the half a dozen reports since the

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Posted in Financial Markets

US Economy: ISM Manufacturing PMI at 54.1

Production sub index jumped to a 59.9 in the December report and understandably got a subdued 55.7 in today’s report. With Seasonally adjusted 53.1 for ISM in December 2011, the increase is well earned by the Economy, new orders sub

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Posted in Financial Markets

US Economy: Newt Press monologues misfire in Florida, Chicago PMI up on new order data

The Chicago PMI came first in the morning as US House price data also reported weakness and the Chicago area PMI at 60 showed a significant lossses from a 63 score in November. But even then, new orders maintained a

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Posted in Financial Markets

US Economy: Auto PMI (Chicago) foretells of a great December resurgence, Pending home sales up 7.3%

Chicago PMI and Pending home sales data as leading indicators are historically not given due credit by Economists and traders. The Chicago region PMI, brought about the story of America’s recovery into our front pages definitely as the Detroit autos

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Posted in Amitonomics, Financial Markets, Financial Services, US

US economy: ADP Payrolls, Chicago PMI and the MBA report

FRIDAY UPDATE: US Jobs report (all payrolls, public and private, 120k added jobs, Unemployment rate a big drop from 9% to 8.6% ( finally after a year and more in waiting) Ford Escape led ford to a 166k month with

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Posted in Financial Markets