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GaltMachine

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  • Aug ISM Manufacturing Index: 49.6 vs. 50.0 consensus and 49.8 prior. Prices index 54.0 vs. 39.5 prior. Employment 51.6 vs. 52.0. Inventories 53.0 vs. 49.0. New orders 47.1 vs. 48.0. [View news story]
    bbro,

    Have you ever graphed your "recession composite" versus the performance of the S&P 500?

    Does it give you enough warning to make changes to your portfolio if you feel it is warranted?

    Thanks.
    Sep 4, 2012. 11:04 AM | 1 Like Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    TA,

    "and do not bolster your argument."

    I made no such argument, I simply presented the price.

    I am amazed at how rabidly partisan you are exactly the opposite of what I expected.
    Sep 4, 2012. 10:39 AM | Likes Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    IDk,

    Not only are you rude, you should check your own facts before accusing someone else of being wrong on theirs.

    The day before inauguration:
    $1.85/gallon
    http://bit.ly/OULvYx
    Average gas prices--January 19, 2009
    Jan 21, 2009 4:29 PM
    Sep 4, 2012. 10:19 AM | Likes Like |Link to Comment
  • Aug ISM Manufacturing Index: 49.6 vs. 50.0 consensus and 49.8 prior. Prices index 54.0 vs. 39.5 prior. Employment 51.6 vs. 52.0. Inventories 53.0 vs. 49.0. New orders 47.1 vs. 48.0. [View news story]
    "ISM's New Orders Index registered 47.1 percent in August, which is a decrease of 0.9 percentage point when compared to the July reading of 48 percent. This represents a contraction in new orders for the third time since April 2009, when the New Orders Index registered 46.8 percent. A New Orders Index above 52.3 percent, over time, is generally consistent with an increase in the Census Bureau's series on manufacturing orders (in constant 2000 dollars)."

    This is a relatively sharp slowdown from earlier in the year.
    Sep 4, 2012. 10:07 AM | Likes Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    Terry,

    So now you are desperate enough to resort to using old polls?

    CNN Poll: Obama 49% Romney 47% among likely voters
    Updated 4:50 PM EDT, Mon August 27, 2012
    http://bit.ly/SerxfZ

    http://bit.ly/PWBGXH

    Where's your link to that poll?
    Sep 3, 2012. 03:26 PM | 1 Like Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    “A man who’s been governor and had a sterling business career crosses the qualification threshold” for the presidency, the former Arkansas governor said of the former Massachusetts governor."
    http://bit.ly/UnCysT

    DNC's keynote speaker for this week, President Clinton said that in June. I call that an endorsement!

    Seems like a perfect opportunity for him to get his revenge for what the Obama campaign did to him and to Hilary in 2008.

    Now wouldn't that make for interesting TV?
    Sep 3, 2012. 03:17 PM | 1 Like Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    Terry,

    We missed your comments. We can all engage in dueling polls. If you believe this CNN poll then I believe you will in for a rude awakening come November.

    http://bit.ly/uTYQcP
    Monday, September 03, 2012
    "The Rasmussen Reports daily Presidential Tracking Poll for Monday shows Mitt Romney attracting support from 48% of voters nationwide, while President Obama earns 44% of the vote. Two percent (2%) prefer some other candidate, and five percent (5%) are undecided."

    2 weeks ago the President was leading Romney by a similar margin.

    “A man who’s been governor and had a sterling business career crosses the qualification threshold” for the presidency, the former Arkansas governor said of the former Massachusetts governor."
    http://bit.ly/UnCysT

    Your keynote speaker, President Clinton said that in June.
    Sep 3, 2012. 03:15 PM | 6 Likes Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    TA,

    "Hedrick Smith, a former correspondent and Washington bureau chief of The New York Times, is the author of “Who Stole the American Dream?”"

    I read it. It is obviously an opinion piece by the author and therefore should be viewed on that basis. I disagree with his premises.

    It's an open forum. The issue is economic and obviously bearing on the upcoming election.

    As I said you can choose to vote for who you feel will do a better job going forward based in part upon who you blame for what has transpired in the last 4 years. Nothing controversial there.
    Sep 3, 2012. 12:27 PM | 7 Likes Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    Are you better off than 4 years ago?

    Unemployment: 7.8% then, 8.3% now
    Median income: $54,983 then, $50,964 now
    Gas prices: $1.85 per gallon then, $3.78 now
    National debt: $10.6 trillion then, $15.9 trillion now

    Blame who you wish for these results but these are pretty stark stats.
    Sep 3, 2012. 12:15 PM | 7 Likes Like |Link to Comment
  • After three "jobless recoveries" in the last twenty years, NYT's Hedrick Smith suggests it's time to take a lesson from Henry Ford. History has proven Ford's virtuous circle to be effective, and if business managers "give the middle class a better share of the nation’s economic gains... the economy will grow faster." [View news story]
    Perhaps, a President Romney might turn this around.
    Sep 3, 2012. 11:49 AM | 13 Likes Like |Link to Comment
  • Weighing The Week Ahead: Jobs, Jobs, Jobs! [View article]
    "Individual investor knowledge. The SEC studied this by doing some tests with fake fund prospectuses. They discovered that investors did not even grasp the basics. Donald Marron has a good account of the study.

    Meanwhile, there is an increase in day trading among individual investors."

    Another unintended consequence of ZIRP. Certainly pokes another hole in that whole Efficient Market Hypothesis crap that we grew up with.
    Sep 2, 2012. 11:18 AM | 4 Likes Like |Link to Comment
  • Did The Recession Evaporate? [View article]
    Freddy,

    Curious as to what your thoughts are on how the expiration of the 100% expensing credit on durables at the end of last year impacted the economy?

    Its seems like it pulled forward demand from this year and also made Q4 stronger than it would have been without it. The economy seemed to react similarly after the expiration of the the Cash for Clunkers and Handouts for Houses credits.
    Sep 2, 2012. 11:10 AM | 1 Like Like |Link to Comment
  • The days of economic prosperity may well be behind us, warns Northwestern University's Robert Gordon. The robust economic growth over the past 250 years may be a unique success tale for the history books, but it's not sustainable for the future. Productivity and innovation, Gordon says will eventually succumb to the headwinds of declining demographic trends, gaps in the education system, rising income inequality, globalization, declining energy/environment resources, and of course, debt. [View news story]
    Was the author an Obama voter?
    Sep 1, 2012. 11:35 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: 374K vs. 370K consensus, 374K prior revised (prior week 372K). Continuing claims +9K at 3.32M[View news story]
    bbro,

    Me too. This stupid "Like" trend pioneered by FB has dumbed down the world. Every idiot with an opinion can have their self-esteem reinforced by like-minded idiots - "The Smartest Idiot Award".
    Aug 30, 2012. 10:11 AM | 2 Likes Like |Link to Comment
  • Russ K's Guide To Economic Indicators (Infographic) [View article]
    Freddy,

    " I am smiling right now, laughing in fact. "

    That's more like it. We all tend to take these discussions way too seriously - I absolutely include myself in this- and forget there is a real living person behind the comment.

    Sounds like you live in a very interesting place.
    Aug 30, 2012. 09:44 AM | Likes Like |Link to Comment
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