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Economy

18 Oct 2006

Prices & Housing Soft

Economy
Consumer prices dropped last month, though the "core inflation" rate continued to increase at a high rate. The sharp drop was due to gasoline prices falling, but we’re seeing "bleed-through" of energy prices into the …
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17 Oct 2006

Inflation Way Down, Manufacturing Down

Economy
Wholesale inflation came way down, thanks to lower oil prices last month. The drop was very sharp in the overall index, though the month-over-month change in core inflation (inflation excluding food and energy) was higher …
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13 Oct 2006

Cheap Gas Helping Other Retail Sales

Economy
Cheap (or what passes for cheap) gasoline has given other retails sales a shot in the arm. The January and July spikes in non-gas sales came from automobile industry special incentive programs.  Until September, it …
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13 Oct 2006

Newsletter Out

Economy
The Businomics Newsletter (TM) has been emailed out to my 1200 closest friends.  You can view it online.  From that link, you can also sign up for a subscription.  Feel free to pass it on …
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9 Oct 2006

A Great Nobel Prize

Economy
Edmund Phelps won the Nobel Memorial Prize in Economics today.  It was a great decision.  In fact, the draft of my forthcoming book, Businomics, said: This breakdown in the traditional relationship between inflation and unemployment …
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6 Oct 2006

Employment Soft–But It Has to Be

Economy
Job growth was soft this month: Don’t be too alarmed, however,  August’s number was a bit stronger than normal.  Taking the last three months together, employment is growing at an annual rate of 1.1 percent, …
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3 Oct 2006

Steel Weakening–And Why YOU Should Care

Economy
Today’s Wall Street Journal reports that the world’s largest steel companies are worried about overproduction. Many of the world’s steelmakers are expressing growing concern about global oversupply and increasing exports from China, the world’s largest …
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2 Oct 2006

Why Oil Will Fall

Economy
Barry Ritholtz over at The Big Picture reports on a colloquy with Matt Trivisonno about energy.  Matt’s 20-point chronology: 1) Oil is cheap in 2002, there is no investment, oil infrastructure decays2) Everybody "knows" oil …
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29 Sep 2006

A Little More Worried Each Day

Economy
Today’s personal income and consumer spending report adds to my worries. Note that it’s the growth rate of consumer spending that’s slowing, not the actual number of dollars spent.  And the chart is adjusted for …
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28 Sep 2006

Steel Looking Glutted

Business Strategy Economy
Check out the Wall Street Journal article about steel (if you have the on-line subscription, which I recommend highly).  Here’s the lead: Inventories of steel have been piling up in customer warehouses in the U.S., …
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