Midknight Review -- new and revised: Other than new unemployment apps, 7 other indicators tell us the recovery is running "flat."

Update:
New unemployment benefits claims are up from two weeks ago at 351,000

Oil per barrel - up to $110 a barrel

Origninal

Construction spending for Jan. -- down 0.1%

Manufacturing shipping/inventories -- down 4%

New residential housing sales -- down 1 %

New residential construction -- up 1.5% after Decembers drop of 1.9%

International trade: The Nation's international trade deficit in goods and services increased to $558.0 billion in 2011 from $500.0 billion in 2010, as imports increased more than exports. The trade deficit increased to $48.8 billion in December 2011 from $47.1 billion (revised) in November, as imports increased more than exports.

Home ownership: The homeownership rate in the fourth quarter 2011 (66.0 percent) was lower than the fourth quarter 2010 rate (66.5 percent). The homeownership rates in the Northeast, Midwest, South, and West were not statistically different from their corresponding fourth quarter 2010 rates.

Corporate manufacturing after-tax profits were down from the 3q of 2011.

Source: US Census Bureau

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Other than new unemployment apps, 7 other indicators tell us the recovery is running "flat."

No comments:

Post a Comment

copyright policy of the original Midknight Review