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    Economics / business investment, demand, economic policy, fiscal cliff, ISM Index, manufacturing, Obama /

    Manufacturing Increases – Just

    October 1, 2012

    Let’s not get too excited. It’s more the absence of loss than the presence of gain we are applauding. Today’s report by the Institute of Supply Management on manufacturing conditions and expectations showed an increase for September, with the index compiled from a survey of purchasing managers reaching 51.5, up from 49.6 in August. Obviously […]

    Weekly Summary / economic policy, elections, GDP, leadership, Obama, plutocracy, Romney /

    Weekend September 28, 2012

    September 28, 2012

    This week was dominate by two themes: the continuation of muddle as our economy wallowed along, better but not a whole lot; and the apparent implosion of the Romney presidential campaign. First the economy: The big disappointment was the downward revision of GDP for the second quarter. The final numbers – this is the third […]

    Economics / consumption, durable goods, GDP, growth, incomes, jobs, leadership /

    Incomes Flat, But Spending Up

    September 28, 2012

    So we end the week with a little more insight into consumer behavior. The numbers for August show a scant 0.1% rise in personal incomes, continuing what is now a well established trend of very mediocre gains. In contrast, spending rose at a 0.5% clip, implying that households dipped into savings in order to spend. […]

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