It's The Economy Stupid: Lot's of Numbers

Okay, there are so many numbers this morning because of the holiday.  Let’s see if we can make sense of this. 

 

First time unemployment claims rose. Not so good for this period, but trend this year is better.

 

Durable goods orders fell (demand for airplanes and business equipment cooled).  Not so good for this period, but recent orders not in this number could change that in the future.

 

Personal spending declined.  Not so good, but the trend sense 2009 is still upward.

 

Risk to global bonds is definitely on the rise because of Europe.

 

Pig futures should trade downward today due to Arkansas playing LSU.

 

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
SMBA Mortgage Applications	OCT	-	-1.2%	-10.0%	-
Durable Goods Orders	OCT	-1.2%	-1.7%	-0.8%	-1.5%
Durables Ex Transportation	OCT	0.0%	0.7%	1.7%	0.6%
Cap Goods Orders Non Def Ex Air	OCT	-1.0%	-1.8%	2.4%	0.9%
Cap Goods Ship Non Def Ex Air	OCT	-	-1.1%	-0.9%	-1.0%
Personal Income	OCT	0.3%	0. 4%	0.1%	-
Personal Spending	OCT	0.3%	0.1%	0.6%	0.7%
PCE Deflator YoY	OCT	2.7%	2.7%	2.9%	-
PCE Core MoM	OCT	0.1%	0.1%	0.0%	-
PCE Core YoY	OCT	1.7%	1.7%	1.6%	-
Initial Jobless Claims	19-Nov	390K	393K	388K	391K
Continuing Claims	12-Nov	3621K	3691K	3608K	3623K

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7^th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd