Home → 2013 → January
Archive for January, 2013
Thursday, January 31st, 2013
The business press has been writing that stock indices are at new all-time or at highs since the recession. That is, unless you adjust for inflation.
Using end-of-month historical closes, the Russell 2000 is -4.48% off its all time high, and just +1.24% since the start of the recession in December ...
Posted in Economics & Research | 4 Comments »
Wednesday, January 30th, 2013
GDP for the fourth quarter of 2012 was reported by the Bureau of Economic Analysis as contracting since the third quarter at the annualized rate of -0.1%. Remember, GDP is a bookkeeping exercise that considers a dollar spent on a candy bar as the same as a dollar spent on ...
Posted in Economics & Research | Comments Off
Wednesday, January 23rd, 2013
Followers of these blogposts, columns, and presentations are well aware of one of my favorite subjects, the importance of adjusting financial data for inflation. This is always important when there are no unit data available or when companies sell so many products or services that unit data would overwhelming or ...
Posted in Economics & Research | Comments Off
Tuesday, January 15th, 2013
November 2012 US commercial printing shipments were down -$87 million, or -1.3% compared to 2011. On an inflation-adjusted basis, shipments were down -$210 million (-3.0%). October shipments were revised down by -$34 million. The final tally for October was $7.238 billion, +$217 million (+3.1%), and on an inflation-adjusted basis +$65 ...
Posted in Economics & Research | Comments Off
Monday, January 14th, 2013
The recovery indicators continued their mixed sideways movement. The NASDAQ had a strong month, up +4.3%. Since the start of the recession in December 2007, the index is up 16.6%, but that is only +6.3% after inflation, or a little bit more than 1% per year.
Proprietors' income, a measure of ...
Posted in Economics & Research | Comments Off