Economics
This Week’s Data
The November Institute for Supply Management’s manufacturing index was reported at 52.7 versus expectations of 52.0 and October’s reading of 50.8.
October construction spending rose 0.8% versus estimates of a 0.3% increase.
October auto sales were slightly above forecasts.
http://www.zerohedge.com/news/gm-channel-stuffing-surges-all-time-record
November retail same store year over years sales grew 2.5%, slightly less than anticipated.
November nonfarm payrolls rose 120,000 versus expectations of 118,000; positively (1) payrolls for September and October were revised up and (2) the unemployment rate dropped to 8.6%
http://www.calculatedriskblog.com/2011/12/november-employment-report-120000-jobs.html
Other
More indicators in support of the ECRI recession forecast (medium):
http://www.zerohedge.com/news/do-you-believe-ism-miracles-goldman-doesnt
The way out:
http://www.zerohedge.com/news/guest-post-unleashing-future-advancing-prosperity-through-debt-forgiveness-part-3
Politics
Domestic
Obama’s energy policy--from a Democrat (medium):
http://mjperry.blogspot.com/2011/11/democrats-need-to-re-think-us-energy.html
And this--15,000 abandoned windmills (short):
http://mjperry.blogspot.com/2011/11/green-junk-15000-abandonded-windmills.html
More on Herman Cain from Ann Coulter (medium):
http://www.anncoulter.com/columns/2011-11-30.html
This something of a radical political philosophy treatise, only some of which I disagree with. It is a bit long but it is not complicated reading and well worth the time spent:
http://www.zerohedge.com/news/guest-post-when-governments-go-rogue
No comments:
Post a Comment