{"id":331,"date":"2010-01-15T11:32:00","date_gmt":"2010-01-15T16:32:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=331"},"modified":"2018-08-21T09:30:41","modified_gmt":"2018-08-21T13:30:41","slug":"a-calculated-lack-of-economic-reporting","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/01\/15\/a-calculated-lack-of-economic-reporting\/","title":{"rendered":"A calculated lack of economic reporting"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Howdy!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">You may have noticed that I have dialed back my blogging regarding economic <span id=\"SPELLING_ERROR_0\" class=\"blsp-spelling-corrected\">statistics<\/span>. This is a calculated choice on my part. Because there is solid evidence of the economy stabilizing, the importance of economic data to investors has diminished. A year ago every report contained important information worth understanding. But now the plethora of important economic data has been replaced with a need to only track one statistic: the unemployment rate.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Ultimately, the unemployment rate is only interesting because of its relation to consumer confidence which directly ties to that BIGGEST of statistics: consumer spending. At 70% of United States GDP, consumer spending is, next to productivity and corporate profitability the most important economic statistic.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">So my lack of economic reporting is a sign that I feel the economy has stabilized. It is also a sign that I feel it is unlikely that the U.S. economy will slip back into recession. The sole mitigating factor that I can identify is a new middle-eastern war &#8211; an event whose likelihood I have tracked for many months now. If you disagree with me that Israel, and to a much lesser degree, the U.S., is going to attack Iran, then it would behoove you to start evaluating U.S. companies for investment. Remember the biggest difference between a great business and a great investment, is price.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">What price to pay? I would look first for great businesses and then those with P\/E ratios less than 20, and with a <em>preferred<\/em> P\/E of 10-15 x.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Good luck and good skill!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Howdy! You may have noticed that I have dialed back my blogging regarding economic statistics. This is a calculated choice on my part. Because there is solid evidence of the economy stabilizing, the importance of economic data to investors has diminished. A year ago every report contained important information worth understanding. But now the plethora [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-331","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=331"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/331\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}