First and foremost, I would like to apologize for my lack of publications in the recent weeks. My day job and personal life have taken a heavy toll on my free time to write and let alone, read the economic news in detail as I like it. Nevertheless, much of that has been taken cared … Continue reading A Quick Recap of What Has Happened in the U.S. Economy
production
The Durable Goods Report is In!
The Department of Commerce released their February report of durable good orders today and it looks like we are heading in the right direction. First, lets explain "durable goods." Durable goods are goods that are meant to last three or more years and do not have to be purchased on a regular basis. This means that … Continue reading The Durable Goods Report is In!
Chicago Fed National Activity Index. What is it and how important is it?
Lets try to make this nice and simple. I'll be honest. I have been following economic indicators since my college days and for some unknown reason, I have not come across this indicator. This is no ordinary economic indicator either. The Chicago Fed National Activity Index (CFNAI) is released monthly and is the weighted average of … Continue reading Chicago Fed National Activity Index. What is it and how important is it?
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