Category Archives: Economic News

Weekly Economic Update

A week shortened by Veteran’s Day left us with fewer data points than usual, but enough to weave a story around. (0/+) Industrial production fell -0.1% in October, which was a bit of a surprise considering expectations called for a … Continue reading

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The Chairwoman and QE

Janet Yellen had her Senate confirmation hearing this morning to become the Chairwoman of the Federal Reserve when the Bernank’s term ends in January. Now it’s simply a matter of time until she takes the reigns. So what does this … Continue reading

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Weekly Economic Update

(+/0) The advance GDP figure for the third quarter came in at +2.8%, which dramatically surpassed consensus expectations of +2.0% or so.  However, much of the positive impact (0.8% of that 2.8%) came from larger inventory accumulation coupled with a … Continue reading

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Weekly Economic Update

Since we’re no longer playing ‘catch-up’ with the economic data, there happened to be a lot of it. (+) The Chicago PMI rose significantly higher over the past month, from September’s 55.7 to 65.9 in October (surpassing a forecasted flattish … Continue reading

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Fed Note

We didn’t expect a lot from this relatively minor Fed meeting, one that doesn’t even offer a press conference afterward.  With QE taper expectations being pushed off again to at least December or January, as well as a 16-day government shutdown that resulted in … Continue reading

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Weekly Economic Update

Now that the government is back open for business, we again have our flurry of economic items. (0/-) Durable goods orders for September came in mixed, with the headline number gaining +3.7% versus a forecasted +2.3%.  Removing transports from the … Continue reading

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Third Quarter Market Update with Bud Kasper & Dean Barber

LSA has posted the 3Q13 Market update call that Bud and Dean host live for their clients and prospects. This program allows Bud and Dean to communicate with their clients about what is happening in the market place today.  Hear … Continue reading

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Weekly Economic Update

Global investors were relieved when President Obama signed H.R. 2775 into law last Thursday, effectively ending the government shutdown and funding it through Jan. 15, 2014.  The law also extends the country’s debt limit through Feb. 7, 2014. Due to … Continue reading

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Economic Update

Sadly, the effects of the government shutdown are finally starting to trickle down to our weekly review.  Since the federal government is responsible for compiling a fair number of these releases, we have just a few economic data points available … Continue reading

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Weekly Economic Update

(+) The ISM manufacturing index for September was a bit stronger than anticipated, rising from 0.5 points from August, coming in at 56.2 versus an expected 55.0.  This is the highest point for the ISM since April 2011.  The details … Continue reading

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Government Shutdown

Should I worry about the government shutting down (again) or defaulting on its debt? You would think we’d get used to this by now, as many Americans have grown tired of these congressional battles—which they view as petty and unnecessary.  … Continue reading

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Weekly Economic Update

(0) The 3rd and final estimate of GDP growth was unchanged from the second estimate of +2.5%, despite consensus assumptions for a slight increase to +2.6%.  Inventory investment was revised downward slightly while state/local spending were bumped up a bit, … Continue reading

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