Further mixed economic data

Today saw the release of other economic data beyond initial jobless claims.  Specifically, the U.S. Department of Commerce’s construction spending figures and the Insitute of Supply Management’s manufacturing index. Construction spending in February fell...

How many people are looking for work?

Because the stock markets are closed tomorrow due to Good Friday the initial jobless claims data was reported today by the Department of Labor.  Here’s the skinny…initial jobless claims were down by 6,000 to a level of 439,000.  Meanwhile, the previous...

The long awaited consumer-spending figures

Hello everyone, Today saw the release of the long-awaited (by me) February consumer-spending figures.  The Commerce Department stated that U.S. consumers increased their spending by 0.3% in February.  Meanwhile, personal incomes were flat.  So what that means is that...

The sinking of a South Korean naval vessel

Good afternoon folks! Today saw the sinking of a South Korean naval vessel near disputed North/South Korean territorial waters.  So far the information is sketchy.  However, what is known is that the vessel sank rapidly and that many of its 104 crew members are feared...