By B.P.T., on January 11th, 2013
At 8:30 AM Eastern time, the Import and Export Prices index for December will be released, providing some data that can be used to monitor the threat of inflation.
Also at 8:30 AM Eastern time, the International Trade report for December will be released. The consensus is a deficit of $41.1 billion, which would be $1.1 billion less than the previous month.
At 2:00 PM Eastern time, the Treasury budget for December will be released, providing an account of the federal government’s budget surplus or deficit for that month.
By B.P.T., on December 11th, 2012
At 7:30 AM Eastern time, the NFIB Small Business Optimism Index for November will be released, providing information regarding the health and confidence of small businesses in the United States. The consensus is that the index is at a level of 92.5, which is 0.6 points lower than the previous month’s value.
At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:30 AM Eastern time, the International Trade report for October will be released. The consensus is a deficit of $42.8 billion, which would be $1.3 billion more than the previous month.
At 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.
At 10:00 AM Eastern time, the Wholesale Trade report will be released for October, showing inventory levels for wholesalers in the United States. The consensus is that wholesale inventories increased 0.4% .
By B.P.T., on October 11th, 2012
At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 370,000 new jobless claims last week, which would would be 3,000 more than the previous week.
Also at 8:30 AM Eastern time, the International Trade report for August will be released. The consensus is a deficit of $44 billion, which would be $2 billion more than the previous month.
Also at 8:30 AM Eastern time, the Import and Export Prices index for September will be released, providing some data that can be used to monitor the threat of inflation.
At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.
At 10:30 AM Eastern time, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.
At 11:00 AM Eastern time, the weekly Energy Information Administration Petroleum Report will be released, giving an update on oil inventories in the United States.
At 4:30 PM Eastern time, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.
Also at 4:30 PM Eastern time, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.
By B.P.T., on September 11th, 2012
At 7:30 AM Eastern time, the NFIB Small Business Optimism Index for August will be released, providing information regarding the health and confidence of small businesses in the United States. The consensus is that the index is at a level of 91.5, which is 0.3 points higher than the previous month’s value.
At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.
At 8:30 AM Eastern time, the International Trade report for July will be released. The consensus is a deficit of $44.3 billion, which would be $0.4 billion more than the previous month.
At 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.
By B.P.T., on August 9th, 2012
At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 367,000 new jobless claims last week, which would would be 2,000 more than the previous week.
Also at 8:30 AM Eastern time, the International Trade report for June will be released. The consensus is a deficit of $47.5 billion, which would be $1.2 billion less than the previous month.
At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.
At 10:00 AM Eastern time, the Wholesale Trade report will be released for June, showing inventory levels for wholesalers in the United States. The consensus is that wholesale inventories increased 0.3%.
At 10:30 AM Eastern time, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.
At 4:30 PM Eastern time, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.
Also at 4:30 PM Eastern time, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.
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By B.P.T., on June 8th, 2012
At 8:30 AM Eastern time, the International Trade report for April will be released. The consensus is a deficit of $49.3 billion, which would be $2.5 billion more than the previous month.
At 10:00 AM Eastern time, the Wholesale Trade report will be released for April, showing inventory levels for wholesalers in the United States. The consensus is that wholesale inventories increased 0.5% .
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By B.P.T., on May 10th, 2012
Federal Reserve Chairman Ben Bernanke will speak at the 48th Annual Conference on Bank Structure and Competition.
At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 366,000 new jobless claims last week, which would would be 1,000 more than the previous week.
Also at 8:30 AM Eastern time, the International Trade report for March will be released. The consensus is a deficit of $49.5 billion, which would be $3.5 billion larger than the previous month.
Also at 8:30 AM Eastern time, the Import and Export Prices index for April will be released, providing some data that can be used to monitor the threat of inflation.
At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.
At 10:30 AM Eastern time, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.
At 2:00 PM Eastern time, the Treasury budget for April will be released, providing an account of the federal government’s budget surplus or deficit for that month.
At 4:30 PM Eastern time, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.
Also at 4:30 PM Eastern time, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.
By B.P.T., on April 12th, 2012
At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 359,000 new jobless claims last week, which would would be 2,000 more than the previous week.
Also at 8:30 AM Eastern time, the International Trade report for February will be released. The consensus is a deficit of $51.7 billion, which would be $0.9 billion less than the previous month.
Also at 8:30 AM Eastern time, the Producer Price Index for March will be released. The consensus is that the index increased 0.3% last month, and increased 0.2% when food and energy are excluded.
At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.
At 10:30 AM Eastern time, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.
At 4:30 PM Eastern time, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.
Also at 4:30 PM Eastern time, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.
By Simon Grey, on March 23rd, 2012
From Mises.org, in response to Obama’s claim that international trade isn’t always fair: Here we see the view, commonly held by the media and non-economists in our universities, that international trade is a competition, analogous to sports or military competition (sometimes, “trade competition” is compared to the Cold War). If the playing field is not level, then the trade is not fair. Economists, and this view is not limited to Austrians, understand that international trade is the fruit of cooperation, not competition. America and China are not trade competitors. Paul Krugman thoroughly demolishes this fallacy in “The Illusion of Conflict in International Trade” (reprinted in Krugman’s Pop Internationalism). Krugman explains that in international trade “it is the illusion of economic conflict, which bears virtually no resemblance to the reality, that poses the real threat.”
There are two main fallacies in this paragraph. The first is that of a false dichotomy. The second is the blatant ignorance of domestic economic policy as it relates to trade policy.
Regarding the former, it is wholly fallacious to say that trade is either analogous to competition or to cooperation. The truth is that there are elements of both. An automobile manufacturer, for example, must cooperate with its suppliers, distributors, and customers. It must also compete against other automotive manufacturers, as well as any company that manufactures substitute goods. Both comparisons can be correct, depending on how they’re applied, and it is thus fallacious to claim that trade is comparable to one or the other when it can be comparable to both.
Regarding the latter, it is quite fallacious to ignore reality when discussing policy. The fact of the matter is the US economy is quite hindered by regulations in ways that many foreign countries are not. It is not at all fair or free to allow foreign companies to compete with domestic companies when domestic companies have been hamstrung by the federal government. I’ve written extensively on this before, so I will not repeat myself here.<
In all, the case for free trade is often predicated on focusing on theory at the expense of reality, and building arguments on obvious fallacies. If this is the best free-traders have to offer, in the way of argumentation, perhaps they should reconsider their position.
By B.P.T., on March 9th, 2012
The Monster Employment Index for February was released today, and the index moved up 10 points from last month to a value of 143, and is 10% higher than last February’s value.
At 8:30 AM EDT, the Employment Situation report for February will be announced, and the consensus for non-farm payrolls is an increase of 204,000 jobs compared to 243,000 in the previous month, the consensus for the unemployment rate is that it will remain at 8.3%, the consensus average hourly earnings rate is expected to increase 0.2%, and the consensus for the average workweek is 34.5 hours.
Also at 8:30 AM Eastern time, the International Trade report for January will be released. The consensus is a deficit of $48.4 billion, which would be $0.4 billion less than the previous month.
At 10:00 AM Eastern time, the Wholesale Trade report will be released for January, showing inventory levels for wholesalers in the United States. The consensus is that wholesale inventories increased 0.6% .
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