Economy and Trends

Trump Tweets that OPEC is at it again

The latest topic of tweets coming from President Trump are in regard to oil prices.  West Texas crude closed at $68.40 Friday, continuing is strong run from the low $40’s in June. Gas prices in Washington and elsewhere in the country have topped $3.00 per gallon, a psychologically important point. With summer approaching, prices traditionally are likely to rise further. ...

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Manufacturing Jobs Hit 3 Year High

“The job market is rip-roaring,” says Mark Zandi, Moody’s Analytics’ chief economist. The economic report released by ADP and Moody’s Analytics on April 4, 2018, beat analyst expectations for manufacturing job growth for the month of March.  Private sector payrolls were anticipated to increase by 205,000, but rose a whopping 241,000, the largest single month increase in 3 years. In ...

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Why the U.S. Economy Will Stay Strong

Fear and extreme volatility have swung into the marketplace of late. President Trump is at the crux of several major issues, including tariffs and political drama in Washington.  However, if consumer sentiment is any indicator, short-term financial growth will remain strong in the short term, as shown in the latest University of Michigan economic survey: A couple of things to ...

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Precision Agriculture

A Google search of “Precision Agriculture” yields over 13 million results and will lead the searcher down a never-ending path of related sub-topics, each replete with dedicated websites, publications, organizations and conferences. So what, precisely, is ‘Precision Agriculture’?  Very simply, precision agriculture is an unfortunately imprecise term that is applied to the myriad applications of technology in the agriculture industry.  ...

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Despite Wage Pressure, Inflation Stays in Check

When world equity markets got spooked at the end of January and beginning of February, it was inflation concerns that seemed to start the selling and caused a big spike in volatility. We saw the longest stretch without a five percent correction come to a halt and February ended up being the second down month for the indices in the ...

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Jobless Claims Hit Another Record Low

The Labor Department on Thursday released more good news about the economy: fewer Americans are filing for unemployment benefits. Initial claims for state unemployment benefits dropped 7,000 last week to reach a seasonally adjusted figure of 222,000 – marking a near 45-year low. “Claims for six states were estimated because of Monday’s Presidents Day holiday,” notes CNBC. “Still, the underlying ...

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Business Optimism Running High, Could It Bump Inflation Due To Wage Growth?

Several different business surveys are showing that business leaders are more optimistic than at any time in decades. The optimism is coming with one main concern though and that is supply of qualified workers. JP Morgan released its annual survey of business leaders earlier today and it showed small and mid-sized businesses are incredibly optimistic about the economy. The survey ...

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The Factory-Sector Sees Surge, More Growth to Come

January was another great month for U.S. factories because businesses are continuing to invest in more equipment. “Sales of such long-lasting goods indicates companies are investing to expand their production capacity. The lead time for filling those orders rose 8% over the month because factories are being flooded with new orders, said Tim Fiore, head of the ISM survey,” writes ...

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Wage Growth Best in 8 Years

The US economy added 200,000 jobs last month and wage growth was the best we’ve seen since 2009, reports the Labor Department. Wages are up 2.9% compared to last year, and unemployment is just above 4% (a 17-year-low). Average hourly earnings rose 0.4% in December and 0.3% in January, reaching $26.74. These numbers show the labor market is tightening, meaning ...

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Big Week Ahead for Economic News and Earnings

The market has been moving up for some time now and in the last few months the trajectory of the move has become incredibly steep. Over the last 50 trading days, from November 14 through last Friday, the S&P and Nasdaq have each gained 11.4 percent while the Dow has gained an incredible 13.7 percent. We see on the weekly ...

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