Sunday, January 25, 2015

POSTED: Tuesday, December 30, 2014, 2:35 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  December Consumer Confidence and August Home Prices

KEY DATA: Confidence: 92.6 (up 1.6 points)/National Home Prices (Year-over-Year): 4.6%

IN A NUTSHELL:  “The consumer is smiling and there is every reason to think the era of good feeling will continue next year.”

Joel L. Naroff @ 2:35 PM  Permalink | 0 comments
POSTED: Tuesday, December 23, 2014, 12:30 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  Revised Third Quarter GDP, November Spending, Income, Durable Goods Orders and New Home Sales

KEY DATA: Starts: GDP: 5.0% (revised up from 3.9%)/Consumption: +0.6%; Disposable Income; +0.3%/Durable Orders: -0.7%; Private Investment: 0.0%/New Home Sales: -1.6%

IN A NUTSHELL:  “The housing sector may not be restraining growth, but it is hardly adding much to it.”

Joel L. Naroff @ 12:30 PM  Permalink | 0 comments
POSTED: Monday, December 22, 2014, 12:07 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  November Existing Home Sales

KEY DATA:  Sales: -6.1%; Year-over-Year: +2.1%; Median Prices (Year-over-Year): +5.0%

IN A NUTSHELL:  “The housing market may still be improving, but it is doing so with two steps forward and one back.”

Joel L. Naroff @ 12:07 PM  Permalink | 0 comments
POSTED: Thursday, December 18, 2014, 3:52 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  FOMC Commentary, November Leading Indicators, December Philadelphia Fed Survey, Jobless Claims

KEY DATA:  Leading Indicators: +0.6%/Philadelphia Fed: 24.5 (-16.3 points)/Jobless Claims: 289,000 (down 6,000)

IN A NUTSHELL:  “The housing sector may not be restraining growth, but it is hardly adding much to it.”

Joel L. Naroff @ 3:52 PM  Permalink | 0 comments
POSTED: Tuesday, December 16, 2014, 11:33 AM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  November Housing Starts and Permits

KEY DATA: Starts: -1.6%; 1-Family: -5.6%; Multi-Family: +6.7%; Permits: -5.2%; 1-Family: -1.2%; Multi-Family: -11%

IN A NUTSHELL:  “The housing sector may not be restraining growth, but it is hardly adding much to it.”

Joel L. Naroff @ 11:33 AM  Permalink | 0 comments
POSTED: Friday, December 12, 2014, 3:43 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  November Wholesale Prices

KEY DATA: PPI: -0.2%; Goods: -0.7%; Energy: -3.1%; Services: +0.1

IN A NUTSHELL:  “With business costs well contained and consumer confidence rising, maybe even the Fed members will start feeling good about the economy.”

Joel L. Naroff @ 3:43 PM  Permalink | 0 comments
POSTED: Thursday, December 11, 2014, 12:49 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  November Retail Sales, Import Prices and Weekly Jobless Claims

KEY DATA:  Sales: +0.7%; Excluding Vehicles: +0.5%; Gasoline: -0.8%/Non-Fuel Import Prices: -0.2%; Fuel: -6.7%/Jobless Claims: 294,000 (down 3,000)

IN A NUTSHELL:  “A firm labor market is helping power stronger retail sales and it looks like we are having a very, merry holiday shopping season.”

Joel L. Naroff @ 12:49 PM  Permalink | 0 comments
POSTED: Tuesday, December 9, 2014, 2:54 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  October Job Openings and November Employment Trends and Small Business Optimism

KEY DATA:  Openings: +149,000; Year-over-Year: +838,000; Hires: -20,000; Year-over-Year: +543,000/Employment Trends Index: +0.4%; Year-over-Year: +6.1%/NFIB: +2 points

IN A NUTSHELL:  “The November job gain may have been a bit excessive, but there is little doubt that business hiring is accelerating and it needs to ramp up even more.”

Joel L. Naroff @ 2:54 PM  Permalink | 0 comments
About this blog
Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm in Bucks County. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment. An accomplished public speaker, Joel’s humor and unique ability to make economics understandable have brought him a wide following. Reach Joel at joel@naroffeconomics.com .

Joel Naroff
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