The headlines say seasonally adjusted Industrial Production (IP) declined. This month the manufacturing portion of this index was unchanged month-over-month – but the other portions of industrial production declined. This is another weak report, and again under expectations. Headline seasonally adjusted Industrial Production (IP) decreased 0.3% month-over-month and up 1.9% year-over-year. Econintersect‘s analysis using the unadjusted data is that…

The percentage of respondents to University of Michigan’s Consumer Sentiment Survey that “think they (or their spouse) will lose their job over the next 5 years” soared to its highest since March 2009. Either the BLS’ workers are lying, or the government’s data on jobs is ‘misleading’ According to UMich Curtin: CURTIN: TRADE GAP’S INFLUENCE ON…

Industrial production came in at -0.3%, down for the fifth consecutive month below the Bloomberg Consensus Estimate.    Industrial production is stalling, down 0.3 percent in April for a 5th straight monthly contraction. Factories are cutting back with capacity utilization down 4 tenths to 78.2 percent. And the manufacturing component, which has been flat to negative…

Nothing to Lose There is a specter haunting America … and all the developed nations of the world. It is the specter of a debt revolution. We left off yesterday talking about how the economy of the last 30 years – and especially that of the last six years – has favored the old over the young….

Theories abound in the stock market world. Marketwatch has one story based on bearish sentiment of individual investors saying the market will surely soar to new heights. Just below that story they have one based on the Dow Theory that warns of a possible impending crash. I don’t give too much credence to individual investor…