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December 2017 CFNAI Super Index Moving Average Little Changed

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Written by Steven Hansen

The economy's rate of growth was little changed based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average - but economic growth remains significantly above the historical trend rate of growth.

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What We Read Today 19 January 2018

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published Monday, Wednesday, and Friday in the late afternoon New York time. For early morning review of headlines see "The Early Bird" published Monday through Friday in the early am at GEI News (membership not required for access to "The Early Bird".).

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Most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

What About Spending On Consumer Goods?

from Liberty Street Economics

-- this post authored by Jonathan McCarthy

In a recent Liberty Street Economics post, I showed that one major category of consumer spending - spending on discretionary services such as recreation, transportation, and household utilities - behaved very differently in the 2007-09 recession and subsequent recovery than in previous business cycles: specifically, it fell more steeply and has recovered much more slowly.

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Infographic Of The Day: Truck Accident Statistics In The U.S.

A large truck is defined as a truck with a gross vehicle weight rating (GVWR) greater than 10,000 pounds.

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Video of the Day:

If you've been online recently, you've probably seen this. This is one of two clips released by the Department of Defense. Both videos show a thermal image of an unidentified flying object. The videos have been widely shared and scrutinized. A lot of people think this is the first real evidence that extraterrestrials exist, and that they've visited us here on Earth. There's just one thing. Most people in the scientific community don't think these videos prove anything.


video of day picture





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Current Weather Outlook

Written by

The main focus of this report is the NOAA February, Three-Month and 15-Month Forecasts, the JAMSTEC Three-Season Forecast, and a comparison of the JAMSTEC with the NOAA forecast. There are some areas of agreement for the first season (Spring) and then more divergence for Summer. NOAA only addresses temperature for next Winter while JAMSTEC forecasts a dry West and a wet East. The differences in the forecasts are due to relatively small differences in the estimates of the timing of the demise of the La Nina Conditions and the forecasts for what follows for this coming Summer and Winter. We address the possibility that NOAA is behind the curve re the ENSO Transition.

NOAA Slow to Adjust


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22Jan2018 Pre-Market Commentary: Wall Street Is Set To Start The Week Flat As The US Government Shutdown Enters Its Third Day, Crude And The US Dollar Slip Fractionally



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As It Celebrates Its 25th Birthday, How Does The Clinton Administration Look Today?

from The Conversation

-- this post authored by Patrick Andelic, Northumbria University, Newcastle

Bill Clinton is about to mark the 25th anniversary of his inauguration as the 42nd US president. Until the night of November 8 2016, millions of voters and experts assumed that he would be celebrating that milestone as the First Gentleman in a second Clinton administration, and that when he returned, he would be welcomed by the party and country both.

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 USA economy at a glance (boxed items are updates in last 7 days)

Preliminary January 2018 Michigan Consumer Sentiment Sees Slight Decrease

by Jill Mislinski, Advisor Perspectives/dshort.com

The University of Michigan Preliminary Consumer Sentiment for January came in at 94.4, down 1.5 from the December Final reading of 95.9. Investing.com had forecast 97.0.

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