{"id":189560,"date":"2010-03-12T18:51:00","date_gmt":"2010-03-12T23:51:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/12\/economics-update-79\/"},"modified":"2010-03-12T18:51:00","modified_gmt":"2010-03-12T23:51:00","slug":"economics-update-79","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/03\/12\/economics-update-79\/","title":{"rendered":"Economics Update"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; padding: 5px; width: 400px; float: right; text-align: center;\">Click for full size<\/p>\n<hr \/>\n<p><a href=\"http:\/\/img51.imageshack.us\/img51\/600\/inventorysalesratiojan2.jpg\"><img decoding=\"async\" src=\"http:\/\/img51.imageshack.us\/img51\/600\/inventorysalesratiojan2.jpg\" bordercolor=\"white\" border=\"0\" width=\"390\" \/><\/a> <span style=\"font-style: italic;\">The decades long downward trend is improvements inventory tracking, largely from automation<\/p>\n<p><a href=\"http:\/\/img684.imageshack.us\/img684\/2696\/inventorychangesjan2010.jpg\"><img decoding=\"async\" src=\"http:\/\/img684.imageshack.us\/img684\/2696\/inventorychangesjan2010.jpg\" bordercolor=\"white\" border=\"0\" width=\"390\" \/><\/a><br \/>It appears that stability looms<\/span><\/div>\n<p>Again, abbreviated, because in addition to not fullying balancing work and blogging, I&#8217;m feeling a bit off today.<\/p>\n<p>The lede is obviously that the <a href=\"http:\/\/www.cnbc.com\/\/id\/35834952\">Thomson Reuters\/University of Michigan survey showed a decline in consumer sentiment<\/a>.<\/p>\n<p>On the other side of the coin is that economics retail sales <a href=\"http:\/\/www.businessweek.com\/news\/2010-03-12\/u-s-economy-sales-rise-as-buyers-overcome-snow-job-concerns.html\">retail sales rose unexpectedly in February<\/a>, confounding economists who thought that the snowpocalypse would push the numbers down.<\/p>\n<p>Sales rose by 0.3%, which is beat expectations, but this is off a January where the delta in retail sales was revised from 0.5% to 0.1%, so the delta from is .3%-.4%=-.1%, so the total picture at the end of February is actually down from what it was on February 1.<\/p>\n<p>Finally, Calculated Risk points out (see chart pr0n) that <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/03\/manufacturing-and-trade-inventory-to.html\">inventories are now basically in line with sales<\/a>, which means that inventory replenishment bumps to GDP are pretty much done.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click for full size The decades long downward trend is improvements inventory tracking, largely from automation It appears that stability looms Again, abbreviated, because in addition to not fullying balancing work and blogging, I&#8217;m feeling a bit off today. The lede is obviously that the Thomson Reuters\/University of Michigan survey showed a decline in consumer &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1089,992],"tags":[],"class_list":["post-189560","post","type-post","status-publish","format-standard","hentry","category-economy","category-recession","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189560"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189560"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189560\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}