Archive for January, 2015
GDP Unexpectedly Slows to 2.6%
So much for the fastest economic growth since the late 1990s. The following financial quarter was revised upward to 5%, thanks to the addition boost in health care expenditures (also, thanks to the individual mandate of Obamacare). The market consensus was for 3.0% annualized growth, but instead what we got was 2.6% economic growth for Q4 2014. […]
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The Most Common Jobs In The United States
Chock up another pillar of what President Obama calls ‘Middle-Class Economics.’ Whereas people would consider middle-class (or median income) as a middle ground between low and high income earners, we find that majority of the employment in this country falls just short of that middle ground. Looking at consumer confidence reaching new highs (despite the […]
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60% Of Americans Can’t Cover An Unexpected Bill
Well, it’s almost a good thing that prices are falling, because I don’t know what people would do if they were suddenly struck with a medical bill, car accident or unforeseen property damages. Then again, falling prices probably wouldn’t help most people anyway (considering the bulk of it is in Food and Energy). According to […]
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‘American Sniper’ Review: Myth vs. Legend.
So far, 2015 has ended on a low note for films. There were barely any decent releases in the box office. Not to mention, ‘The Imitation Game (2014),’ as well as Selma (2014) all lost their Golden Globe nominations for majority of their categories, if not all of them (Selma at least won Best Original […]
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Things You Did NOT Learn From The State Of The Union
The State of the Union is always interesting. Not because the president actually says anything meaningful, but because it reminds people like me that the Super Bowl is just around the corner. Needless to say, President Obama was slightly humble this time around. The total word count of his speech was 6,493 words. This was […]
1,986 total views, no views today
Consumer Prices Falls To 6 Year Lows
Oh no, the world is actually coming to an end. Prices, compared to the levels they were a month ago, are actually falling. This has happened for the second straight month. Again, falling prices are usually synonymous with deflation and economist/market analyst are trying to avoid deflation like the plague. After all, why would consumers actually […]
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First Plunging Wages, Now Falling Retail Sales
Great recovery we have going on here. The economy keeps creating all of these jobs, and yet, wage growth keeps slowing. On top of this, retail sales dropped a whopping 0.9%, which is much larger than the -0.1% estimated. Notice the overall trend: Of course, the largest drop was in Gasoline Stations. However, even when […]
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So Much For Consumption Leading Economic Growth
Had a pretty busy weekend, so I didn’t have much time to record much of my thoughts. However, for those of us paying attention, the last Employment Situation report was a real interesting one. For one, we can start out by saying that I was wrong about job report being a surprise, as the economy […]
1,325 total views, no views today
‘The Imitation Game’: Film Review
I’ve been talking about this film quite a bit, bringing it up in casual conversation and I never actually took the time to write a review about it. I guess my laziness got the better of me, but with the 72nd annual Golden Globes arriving in less than 5 days, I might as well get it off […]
2,474 total views, 2 views today
Tomorrow’s Jobs Report Might Come As A Surprise To Economist…
That is, if you having been following the Employment Situation trends for the better part of the last decade. On average, the street tends to be very bullish overall, but looking at technical indicators (like historical employment gains, for one) could show that maybe this optimistic should be curbed slightly. Historically, we’ve seen net payroll prints […]
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