Thursday, September 15, 2011

Morning Journal 9/15/11


This Week’s Data

July business inventories rose 0.4% versus expectations of a 0.6% increase; more important, business sales were up 0.7%, pushing down the inventory to sales ratio.

The August consumer price index was up 0.4% versus estimates of up 0.2%; core CPI was up 0.2% as anticipated.

The New York Fed’s September manufacturing index came in at -8.8 versus forecasts of -3.0.

Weekly jobless claims rose 14,000 versus expectations of a 4,000 decline.


More analysis of yesterday’s August’s retail sales numbers (medium):

An in depth look on why the US economy will grow at a below average secular rate for the foreseeable future (Medium):



An excellent four minute video featuring Paul Ryan discussing our current tax code: