CNBC Portfolio Challenge Bonus Bucks Answers for Tuesday, November 29, 2011
Wednesday, October 23, 2013
U.S. import prices advanced 0.2 percent for the second consecutive month in September, the U.S. Bureau of Labor Statistics reported today.
The increase in each of the past two months was led by rising fuel prices.
The price index for U.S. exports rose 0.3 percent in September after falling the previous six months.
Tuesday, October 01, 2013
The Bureau of Economic Analysis released new data showing that corporate profits reached an all-time nominal high in the second quarter of 2013.
Profits before tax rose to 12.53 percent of GDP from 12.22 percent in the previous quarter, as the following chart shows.
That was just fractionally short of the all-time high of 12.60 percent reached in the final quarter of 2011.
At the same time, the BEA confirmed that GDP grew by 2.5 percent, the same as the August estimate.
The most important issue facing the US markets and economy is the pending government shutdown. If this expands into a debt default, the implications reach worldwide. As I accurately forecast last week:
“Despite a busy economic calendar this week will focus on Washington and the inability to compromise on important decisions. There are two key questions:
- Can a government shutdown be avoided?
- Will the U.S. default on its debt, by failing to raise the debt ceiling?”