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Q1-2015 GDP Revised to “Less Bad” -0.2%; Q2 GDP in 2% Range

Thursday, June 25th, 2015

Real GDP was revised to make the first quarter's decline much smaller, from -0.7% to -0.2%. Consumer spending was revised higher, as were net inventories. The inventory data have been out of balance for some time; theoretically, long run net inventories should be zero, as goods and services are created ...

Fed Lowers GDP Outlook, Likely to Raise Rates by the End of 2015

Thursday, June 18th, 2015

The Federal Reserve lowered its forecast of 2015 GDP but maintained its March revisions forth the next two years. The Fed's forecasts have been reduced twice for 2015, originally with a high range of +3% back in their December forecast, but now just +2.0%. The negative Q1-2015 will be revised ...

Recovery Indicators Have a Good Month

Wednesday, June 3rd, 2015

The spotty nature of the recovery continues. In light of the negative GDP, prognosticators are looking for any data that can tell them the Q2 will be better, as the old rule of thumb about two negative quarters being a recession is in the back of their mind. That's not ...

Is Q1’s Negative GDP Something to Worry About? Probably Not… But on the Other Hand…

Tuesday, June 2nd, 2015

Harry Truman is known for his request for a one-armed economist, someone who could explain what was happening without saying "but on the other hand" as they discussed the opposing forces that are always present in the marketplace. Last Friday's GDP revision to negative was expected and shrugged off by most ...

US Commercial Printing Shipments Up for Eleventh Month

Tuesday, June 2nd, 2015

April 2015 US commercial printing shipments were up by +$258 million, +3.6%. In inflation-adjusted terms, because consumer inflation was negative in April, shipments were up by +$272 million, up +3.8%. (click chart to enlarge) The 12-month-moving-totals, a way of annualizing shipments data, are running at $84.5 billion, up +2.7% in current ...

A Look at the 23 Million US “Microbusinesses,” Increasing 3x the Rate of Population Growth

Thursday, May 28th, 2015

We know there are microbusinesses out there, and the best way to get a handle on it is an obscure government report called "Nonemployer Statistics." The official definition is "businesses that have no paid employees and are subject to federal income tax." These are most often sole proprietors, but they can ...

Japanese Translation of “This Point Forward” by Dr. Joe Webb and Richard Romano is Now Available from JAGAT

Wednesday, May 20th, 2015

Junichiro Yamashita of Brighter Later recently informed the authors of “This Point Forward” that the Japanese translation of the work is now available from the bookstore of the Japan Association of Graphic Arts Technology (JAGAT). The Japanese translation of the earlier book, “Disrupting the Future,” remains an important resource for ...

March Commercial Printing Shipments +4.8%; Ten Months of +3% Growth

Wednesday, May 6th, 2015

US commercial printing shipments had another good month in March, up +4.8% compared to 2014 in current dollars. For nine of the last 10 months the comparison to the prior year has been positive, averaging +3%. It is possible that commercial printing shipments have found a level of stability after ...

Recovery Indicators Mainly Flat, but Small Business Might be Having Problems

Tuesday, May 5th, 2015

The recovery indicators were slightly better than last month, but the main area of concern is the decline in proprietors' income. This indicator is one of the few that is reflective of the state of small business. There is newfound worry about the state of the economy because of the ...

Under the Radar: The Generational Change in Print Business Leadership

Thursday, April 23rd, 2015

What people experience based on the time they were born shapes their outlook and business strategies for years to come. If you were born in the 1940s, grew up in the 1950s and 1960s, and then owned or ran a printing business, your career has already shifted into retirement or is ...