Middle Class No Longer Majority, May Hurt GDP
The American middle class has lost its position as the financial majority, and its prospects are dropping quickly.
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PPI Beats November Estimates
The seasonally adjusted Producer Price Index (PPI) increased more than expected in November.
High-Impact Market Possibilities After First Federal Reserve Rate Hike
A new research note from Credit Suisse highlights the possible impact across markets of the first Federal Reserve rate hike.
Apple, Google, Tesla Are World’s Most Innovative Companies
Over the past 10 years the single, most innovative company in the world has been Apple, according to the Boston Consulting Group.
Imports and Exports Remain Low in November
The cross-border price pressures continued to be negative, with import prices down 0.4% in November and export prices down 0.6%.
Wholesale Inventories Stay on the Heavy Side
Wholesale inventories fell 0.1% in October, compared to no change for sales, keeping the stock-to-sales ratio for this sector unchanged at 1.31.
Still 5.4 Million US Job Openings in Latest JOLTS Report
Now that the economy is at or near the classic definition of full employment, the underlying trends and opportunities in the jobs market need to be considered.
November Small Business Optimism Sinks
The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for November slipped.
Highest Paid University President Makes $4.6 Million
Lee Bollinger of Columbia University took home $4.6 million in 2013, and he was not alone in the $1 million plus category.
Unemployment and Payrolls Should Support Rate-Hike Thesis
Friday's Employment Situation report from the Bureau of Labor Statistics is strong enough to support the pending first Federal Reserve interest rate hike in years.
Factory Orders Gains in October Led by Transportation Orders
Another report is showing mixed results in factory activity in the United States. The U.S. Department of Commerce has shown that factory orders rose by 1.5% (by $6.8 billion) in October to $473.9 billion.…
ISM and PMI Services Report Remain in Growth Territory
The Institute for Supply Management showed a positive reading of growth for its Non-Manufacturing Index in November.
Janet Yellen Testimony Remains Firm
If you haven't come to accept the notion that the zero interest rate policy of free money is coming to an end, please understand that a rate hike now looks like it is coming…
Asia Development Bank Sees 6% Growth in Region’s Economies
In a supplement published Thursday to its September report on the development outlook for the region, the Asia Development Bank has maintained growth projections of 5.8% for 2015 and 6.0% for 2016.
Beige Book Offers at Least Some More Support for Rate Hike Case
The Beige Book is a very dry read for everyone, but it does offer up a general look at the nation's economy on a semi-live basis.