Smoggy Forbidden City

China PMI Trouble and Air Pollution

Two major announcements came out of China this week. The Purchasing Managers' Index (PMI) data released by China's National Bureau of Statistics was only 46.9 in October, which represents contraction and is ...
Read Full Story »
Greek fishing boats

Greek Unemployment Rate Still Near 25%

Eurostat has released unemployment rates for the European Union for October. On a seasonally adjusted basis, the level was 10.7%, down slightly from 10.8% in September. Greece's jobless rate is nowhere ...
Read Full Story »
Texas Capitol

Dallas Fed Shows Improvements in Texas Manufacturing in November

The oil and gas sector may not be enjoying higher oil prices like we had seen prior to 2015, but the Federal Reserve Bank of Dallas released marginally better manufacturing ...
Read Full Story »
Beijing air pollution

China and India Cities Have Worst Air Pollution in the World

Authorities in India and China have warned their populations that air pollution in some cities has reached near record levels, particularly in Delhi and Beijing. The problem is getting worse and ...
Read Full Story »
Texarkana, Texas

Arkansas Leads States Where People Face Black Friday Violence

Arkansas is the state were it is most likely shoppers will have violent encounters while shopping. The forecast was posted by research site Estately According to Estately management: To determine just where ...
Read Full Story »

Consumer Sentiment Now Better in Lower Incomes vs. Higher Incomes

It was just this week that 24/7 Wall St. pointed out that Consumer Confidence from the Conference Board did not match up with the preliminary report from the University of ...
Read Full Story »

Mixed View on Personal Income & Spending vs. Rate Hike Expectations

If you read all the reports about weak retail spending, you might wonder how all those dollars saved on gasoline are ending up in the economy. Now add in continually strong ...
Read Full Story »
jobless claims

Weekly Jobless Claims Setting Up For Strong Employment and Payrolls

Something just feels odd about the jobs market these days. The concerns of a serious slowing in new jobs seemed to have abated, but the Consumer Confidence had a serious ...
Read Full Story »
Chemical plant

Durable Goods Look Quite Durable for October

Each report on Durable Goods feels like a bit of a wild card. After all, things like cars and planes and a whole host of other big-ticket capital goods are ...
Read Full Story »
road fork sign

When Consumer Confidence and Consumer Sentiment Do Not Match Up

When economists and the public go after the same sort of economic data and come up with entirely different views, it generally means that someone has to be very wrong. ...
Read Full Story »
Gross domestic product

Positive Revision for Third Quarter GDP

The United States got some good news for the economic yardstick measurement for growth. Gross Domestic Product (GDP) was revised higher for the third quarter. The Department of Commerce and ...
Read Full Story »
gear set

Markit’s Flash PMI Hits More Than 2-Year Low in November

Monday brought a mixed view of economic data. First seen was the Chicago Fed National Activity Index improving, but still barely negative in October. Now the Markit Flash U.S. Manufacturing ...
Read Full Story »

Chicago Fed Shows National Activity Ticked Up In October, But Still Negative

The Chicago Fed National Activity Index (CFNAI) is a national report that is put together by a regional Federal Reserve branch, so it does have a broader merit than some ...
Read Full Story »
Texas Capitol

Texas Keeps Adding Jobs, but Not in Oil and Manufacturing

The Texas Workforce Commission (TWC) has released some individual state data on jobs in the state. While Texas continues to add jobs, and while the unemployment rate is far better ...
Read Full Story »
percentage button

Atlanta Fed Lockhart Outlines Interest Rate Hike Expectations and Trajectory

Atlanta Federal Reserve President and CEO Dennis Lockhart was speaking to the DeKalb Chamber of Commerce in Atlanta on Thursday. Included in his speech were views the economic picture now ...
Read Full Story »