Thursday, September 19, 2013

It's The Economy Stupid: A Fed Tonic

A Fed Tonic:  Straight vodka, no taper.

 

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Initial Jobless Claims

41531

330K

309K

292K

294K

Continuing Claims

41524

2900K

2787K

2871K

2815K

Current Account Balance

2Q

-$97.0B

-$98.9B

-$106.1B

-$104.9B

Bloomberg Economic Expectations

Sep

--

--

-5

--

Bloomberg Consumer Comfort

41532

--

--

-32.1

--

Philadelphia Fed Business Outlook

Sep

10.3

--

9.3

--

Existing Home Sales

Aug

5.25M

--

5.39M

--

Existing Home Sales MoM

Aug

-0.026

--

0.065

--

Leading Index

Aug

0.006

--

0.006

--

 

Initial Jobless Claims numbers are good, Continuing Claims numbers are good.  Be nice if the labor participation rate would increase…

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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