ECRI"s WLI Growth Index was essentially unchanged but has remained in negative territory for 20 weeks. According to ECRI, this index is forecasting slower economic growth in 1H2015 and now into 2H2015. ECRI released their inflation index this past week and is discussed below.
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The oil price is on the up, after falling below 50 dollars a barrel in January. At the moment it is rising steadily. But for some oil companies in the U.S. it may be too late.
Infographic Of The Day: Where History's Greatest Minds Traveled To Unwind
Ever wonder where Ernest Hemingway's favorite travel destination was?
by Reverse Engineer, Doomstead Diner
Written by Gary
The markets opened lower with the S&P 500 on track for a second week of decline. Strong monthly jobs report heightened expectations the U.S. Federal Reserve could raise interest rates sooner than anticipated which is not market friendly.
Closing Market Commentary: Averages Closed Up While Trading Sideways Entire Session, Investors Uneas
Written by Steven Hansen
A quick recap to the trade data released today again shows both the unadjusted value of import and export rolling averages decelerating month-over-month. Many care about the trade balance (which was better than last month and at expectations), but trade balance simply has little correlation to economic activity. Likely much of the bad data is due to the West Coast ports labor issues.