by Doug Short, Advisor Perspectives/dshort.com The University of Michigan Consumer Sentiment preliminary number for March came in at 79.9, a decline from the 81.6 February final. Today’s reading was below the Investing.com forecast of 82.0. The index is off its 85.1 interim high set in July of last year.
Commentators are taking note of the five-year anniversary of the fiscal stimulus that President Obama enacted during his first month in office. Those who don’t like Obama are still asking “if the fiscal stimulus was so great, why didn’t it work?”
Written by Steven Hansen A Federal Reserve data release (Z.1 Flow of Funds) for 3Q2013 provides insight into the finances of the average household – and our beloved “Joe Sixpack”. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset. We have also modeled a Joe who …
Written by Steven Hansen US Census says manufacturing new orders declined in January. Our analysis agrees showing deceleration of the rolling averages. The headwind this month was civilian aircraft.
Written by Steven Hansen A simple summary of this release is that the rate of productivity growth is up , whilst the rate of growth of labor costs is contracting. However, this final report has significantly reduced the productivity growth and labor cost contraction.