The Kansas City Fed Manufacturing Survey business conditions indicator measures activity in the following states: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri, and northern New Mexico Quarterly data for this indicator dates back to 1995, but monthly data is only available from 2001. Here is an excerpt from the latest report: KANSAS CITY, Mo. The…
In case you thought you were smart enough to know why the Fed wants to do what it supposedly wants to do [1] MarketWatch sets you straight with the real scoop. We’ll use this as a talking point and see what comes of it… Here’s the real reason the Fed wants to raise rates Policy…
The Conference Board Leading Economic Index (LEI) for the U.S. increased again this month – but the authors believe the outlook is for “continued strength in the economic outlook for the remainder of the year.” This index is designed to forecast the economy six months in advance. The market expected this index’s month-over-month change…
Introduction Any discussion on the appropriateness of any “investment” strategy should start with a discussion on the important differences between investing versus speculating. Although these are radically different concepts, it is all too common in finance jargon to ubiquitously reference all financial activity as investing, even when speculating would be the more precise term. I…
Introduction Any discussion on the appropriateness of any “investment” strategy should start with a discussion on the important differences between investing versus speculating. Although these are radically different concepts, it is all too common in finance jargon to ubiquitously reference all financial activity as investing, even when speculating would be the more precise term. I…
“With so many retail investors in China’s stock market, a collapse of share prices affects people’s savings, incomes and welfare. Many no doubt invested because they were confident in the government’s capacity to rescue the market. This may explain, in part, why Beijing intervened so quickly when the market plummeted. Still, while Beijing’s instinct to protect…
Weekly initial unemployment claims fell to the Lowest level Since 1973, perhaps distorted by auto retooling summer shutdowns, or lack thereof. The number of Americans filing new applications for unemployment benefits last week dropped to its lowest level in more than 41-1/2 years, suggesting the labor market maintained a sturdy pace of job growth in July….
In the early 1920s, George S. Clason wrote a series of articles about acquiring and keeping wealth that were passed out by insurance companies to their customers. In 1926, he combined these essays into a book titled, The Richest Man in Babylon. To this day, that book remains in print. In it, a series of…
If itsy bitsy pie slice – Greece (.33%) – can create this much worldwide economic havoc because of their unpayable level of debt, imagine what will happen when the truth is revealed about France (3.81%), Italy (2.88%), and Spain (1.88%). China’s (13.9%) entire economic model has been built upon debt and the world consuming their…
Shares of Cara Therapeutics (CARA) are up 25% after the company reported positive phase 2 results in patients with kidney failure. More specifically, Cara’s drug treats a condition these patients have, known as Uremic Pruritus, which causes severe itching that interferes with daily life activities. There are no currently approved FDA products to treat this…
