Tuesday, October 31, 2017

Consumer confidence Jumps to highest level since December 2000

October 31.2017
one small voice 

Ridgewood NJ, Consumer confidence rose to 125.9 in October, according to the Conference Board.The rating is at the highest level since December 2000.This accounts for Americans' views of current economic conditions and their expectations for the next six months.

Consumers were even more optimistic in October than economists polled by Reuters expected. Boosted by the job market which had not received such favorable ratings since the summer of 2001.The economic weight of Hurricanes Harvey and Irma pulled down the spirits of U.S. consumers in September, when the index was relatively flat.The high level of confidence suggests the economy will continue to expand for the rest of 2017, 

The index takes into account Americans' views of current economic conditions and their expectations for the next six months. Economists pay close attention to the numbers because consumer spending accounts for about 70 percent of U.S. economic activity.

Wednesday, October 25, 2017

Consumers Win As Congress Overturns Unconstitutional Bureaucracy’s Harmful Rule

October 25,2017
one small voice

WASHINGTON DC,  Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement about the Senate's vote to reject the CFPB’s rule to deprive consumers of a low-cost, easy way to resolve legal disputes without having to hire trial lawyers:

“This is a victory for consumers, a defeat for the wealthy trial lawyers lobby and a rejection of the unchecked, unconstitutional and unaccountable CFPB.  Instead of carrying water for the Democrats’ favored special interests, the CFPB should actually work to protect consumers.  I commend the Senate for joining the House in fighting for consumers and for draining the bureaucratic swamp of yet another political regulation.  Laws that Americans live under must be written by their elected representatives, not unelected and unaccountable bureaucrats.  It’s good to see Congress reclaim its legislative authority and operate as our Constitution requires.”

Friday, October 13, 2017

U.S. consumer sentiment surged to a 13-year high

October 13,2017
one small voice

U.S. consumer sentiment surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday.

Highlights of Michigan Sentiment (October, preliminary)

-Sentiment index rose to 101.1 (est. 95), highest since Jan. 2004, from 95.1 in Sept.
-Current conditions gauge, which measures Americans’ perceptions of their finances, jumped to 116.4, highest since Nov. 2000, from 111.7
-Expectations measure increased to 91.3, highest since Jan. 2004, from 84.4

Thursday, September 14, 2017

Trump Prohibits Sale of Lattice Semiconductor Corporation to China Venture Capital Fund under the Defense Production Act of 1950

September 14,2017
one small voice

Washington DC, President Donald J. Trump issued an order prohibiting the acquisition of Lattice Semiconductor Corporation (Lattice) by, among others, China Venture Capital Fund Corporation Limited (CVCF). CVCF is a Chinese corporation owned by Chinese state-owned entities that manages industrial investments and venture capital.

The President made the decision to issue this order under section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007. Under the Defense Production Act, the President is authorized to suspend or prohibit certain acquisitions that result in foreign control of a United States business if he concludes, among other things, that there is credible evidence that the foreign interest exercising control might take action that threatens to impair the national security of the United States. The President reached this decision upon consideration of the appropriate factors set forth in section 721 of the Defense Production Act and a review of a recommendation from the Committee on Foreign Investment in the United States. The national-security risk posed by the transaction relates to, among other things, the potential transfer of intellectual property to the foreign acquirer, the Chinese government’s role in supporting this transaction, the importance of semiconductor supply chain integrity to the United States Government, and the use of Lattice products by the United States Government.

Wednesday, August 30, 2017

US revised second-quarter GDP Jumps to 3.0% vs 2.7% rise expected

August 30,2017
the staff of the Ridgewood blog

Ridgewood NJ, the U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years.
The Economy also showed signs that the momentum was sustained at the start of the third quarter.
Gross domestic product (GDP) increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said.

Thursday, August 17, 2017

Atlanta FED forecasts Surging GDP Growth

August 17,2017
only one small voice

Atlanta GA, the Atlanta FED's Latest forecast is for 3.8 percent GDP Growth . The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release..

Latest forecast: 3.8 percent — August 16, 2017

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2017 is 3.8 percent on August 16, up from 3.7 percent on August 15. The forecast of third-quarter real residential investment growth increased from -0.5 percent to 3.7 percent after this morning's new residential construction report from the U.S. Census Bureau.