Wednesday, February 7, 2007

Potential Growth Rebounding?

2/7/07 The blue line is a polynomial regression line over the last 10 years ending in Q4 2006. Suggests that "potential growth may be rebounding. Data includes quarterly y/y changes of "work force" (found in the Employment Situation Report) and quarterly y/y changes of "Output per hour" (found in the Productivity and Unit Labor Cost Report). The percentage changes are added together to produce the green bars ( potential growth).

Monday, February 5, 2007

Proposed percent of Total budget for defense through 2012

2/5/2007 Would a new policy that allows a no-holds-barred use of nuclear weapons change this graph significantly?

Saturday, February 3, 2007

2/2/07 If custody holdings are a gauge of foreign appetite for US assets then this chart suggested an increasing demand. Demand for Federal agency securities (backed mostly by US residential real estate) continues to rise at a very rapid pace and does not seem to be deterred by falling home sales as measured by MBA home purchase applications.

Thursday, February 1, 2007

Drop in Jan 2007 ISM Manufacturing Inventories

2/1/07 A significant drop in ISM Manufacturing Inventories may suggest sluggish demand down stream according to the Survey Director.

Income and Outlays