Short Items of Interest – US Economy Cohn as Fed Chair? – The decision is still likely month away and it is hard to determine what Trump’s opinion of Janet Yellen really is. He has been critical one minute and praises her the next. She seems willing to serve another term if allowed but […]
Short Items of Interest – US Economy Harvey Will Cost Billions – This unfolding crisis is not even at its peak yet and that makes it impossible to accurately assess the damage but it is already apparent that this will be one of the most expensive natural disasters in many decades. Not only will […]
Short Items of Interest – US Economy Presidents and Natural Disasters -There are a lot of things that are not exactly fair as Presidential duties are concerned and at the top of that list is the natural disaster. There is absolutely nothing that a President can do to stop the arrival of a hurricane […]
Short Items of Interest – US Economy Last Jackson Hole Meeting for Yellen? – The term for Janet Yellen expires early next year and as of this moment there is considerable confusion as to her fate. Traditionally Fed chairs stay in place until they decide to leave. If they want another term they usually […]
The Trump Administration is going to face no less than 5 major deadlines over the next four months. From funding payments to insurance companies for Government-match portions of Obamacare to raising the debt limit, there are a number of deadlines that the marketplace and the rest of us have to get through over the course of the fall.
Sometimes, it takes competitive pressure to push an entire industry to change its operating paradigms. That may have just happened to some degree with a major partnership between three complimentary companies.
Placing solar panels on top of large-footprint facilities is not a new concept – for goodness sakes it’s not. But, up and until this point, many companies have held off because of the extra costs to install and use solar panels – for various reasons.
Total industrial production was up by .2% month-over-month in July and continues to grow at an annualized rate of 5.2% through Q2. July showed a 2.2% year-over-year growth rate as well. But, the bigger stories will come in the big movers (both positive and negative).
Most importantly, automotive production was off by 3.2% month-over-month and 4% year-over-year in July. Through Q2, automotive was slipping at a 1% annualized rate.
Although we don’t have July figures yet, new orders for nondefense capital goods remained strong through June. We saw June orders rise by 5.8% year-over-year.
This is one of those data points that we can check off – businesses continue to invest (at least through data collected in June). We won’t get the next run of July figures until early September.
Short Items of Interest – US Economy Debt Ceiling Debate Part Two – Yesterday we wrote that Senate Majority Leader Mitch McConnell had stated unequivocally the debt ceiling would be raised before there was a serious impact on the US economy but today there are the statements from Trump that once again suggest that […]
Short Items of Interest – US Economy Debt Ceiling – The assertion by Mitch McConnell can’t be taken as the last word but it certainly frames the debate over whether the debt ceiling will be hiked. He has not minced words in his declaration that the ceiling will be raised and in plenty of […]