Having surged to last October’s highs last month, Chicago PMI tumbled back to mediocrity in November, missing exuberant expectations by the most since July. As 60.8 (against 63.0 expectations) this is barely above the levels of Q1’s polar vortex as New Orders, Employment, and Production all fell (with only 2 components rising). This is the…
The following is an excerpt from Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. by Douglas Goldstein and Susan Polgar. The center of the chessboard consists of four squares. In order to maintain a strong position during a game of chess, make sure you dominate at least two of them….
The headlines say the durable goods new orders improved. Our analysis agrees – and if you ignore defense aircraft, durable goods were again very soft month-over-month. Econintersect Analysis: unadjusted new orders growth accelerated 0.3% (after decelerating a revised 2.1% the previous month) month-over-month , but is up 5.4% year-over-year. the three month rolling average for unadjusted new orders decelerated 10.6% month-over-month, and up 5.9%…
In the middle of November, the CEO of Vodafone (ADR) Vittorio Colao warned of a “prisoner’s dilemma” in the efforts to offer bundled television and broadband services. It makes sense for a company to seek unique content to differentiate it from others. However, if all the providers try to secure exclusive content, it triggers an arms…
Net Sales of $23.1 Million, Up 27.3% from Q3 FY 2014 Gross Margin of 43.9%, Up 340 Basis Points from Q3 FY 2014 Operating Margin of 11.1%, Up 460 Basis Points from Q3 FY 2014 Diluted EPS of $0.20, Up from $0.14 in Q3 FY 2014 Company Completes Integration of Miltope Acquisition WEST WARWICK, R.I.–(BUSINESS…
Let’s not worry. We’re in the midst of a fantastic bull run so why ruin it with rational thinking? Barry Ritholtz used to be a rational guy but now he shills for Bloomberg (#8 on the Forbes 400 with $35Bn) and posts things like “Current Dow rally below average in both duration and magnitude” in…
CLICK ON CHART TO ENLARGE What are you “Thankful For?” This is a great time of year to count our blessings and become more aware of things we should be thankful for. I am thankful for many things, too many to list and bore you with right now. When it comes to Thank You’s…
Clarity is a virtue when it comes to the business cycle. It’s also unusual. The US is an exception, or at least it has been, according to Scott Sumner, an economist at Bentley University and a prolific blogger on macro matters. “The US has a really weird economy,” he writes. “All our recessions are 100% clear-cut. Either…
