Daily Markets - US Economy: Reflections On The July ISM PMIs

US Economy: Reflections On The July ISM PMIs
Charlie Rose: Face To Face With Rogoff And Wessel
Picture Du Jour: Payrolls Disappoint
Robin Griffiths Of The Greenback’s Outlook
Don Coxe Webcast – Updated (August 3,2010)
Bush Tax Cuts – A Cartoonist’s View
U.S. Stock Earnings Calendar For 9 - 13 August 2010
Thank You!
Update: Lemonade Stands Get Reprieve
Day 550: Obama Vs. Carter

US Economy: Reflections On The July ISM PMIs

Posted: 07 Aug 2010 05:38 AM PDT

My estimate of the July GDP-weighted PMI (manufacturing and non-manufacturing) of 52.5/53 fell short of the actual 54.58 as the ISM non-manufacturing PMI surprised on the upside.
The latest GDP-weighted PMI is suggesting that US GDP growth in the third quarter could be running at approximately 3% on a year-ago basis compared to my previous estimate of 2% to 2.5%. Coming off a high base, the 3% year on year effectively entails that on a quarter-on-quarter annualised basis GDP growth in the third … [visit site to read more]

Charlie Rose: Face To Face With Rogoff And Wessel

Posted: 07 Aug 2010 05:34 AM PDT

In this interview, Charlie Rose sits down with Kenneth Rogoff of Harvard University and David Wessel, economics editor of The Wall Street Journal, for a thoughtful discussion on the economy.
A link to the transcript of the interview follows at the end of the post
Click here or on the image below to view the video.

Click here for a transcript of the … [visit site to read more]

Picture Du Jour: Payrolls Disappoint

Posted: 07 Aug 2010 05:30 AM PDT

The U.S. Labor Department yesterday announced that non-farm payroll employment declined by 131,000 as the dismissal of census workers contributed to a reduction of 202,000 in government payrolls. The jobless rate was unchanged at 9.5% as hundreds of thousands of workers left the labor force.
Asha Bangalore (Northern Trust) commented as follows: "Private sector hiring remains unimpressive after four quarters of economic growth. The pace of hiring is significantly weaker than prior … [visit site to read more]

Robin Griffiths Of The Greenback’s Outlook

Posted: 07 Aug 2010 05:27 AM PDT

"The dollar trade, weighted, has been weak for the last few months, and that's largely a function of whether investors are putting risk on or taking risk off," Robin Griffiths of Cazenove Capital told … [visit site to read more]

Don Coxe Webcast – Updated (August 3,2010)

Posted: 07 Aug 2010 05:19 AM PDT

Don Coxe has updated his popular webcast on Tuesday, August 3, 2010 – good news for his followers. You can access the recording here or from the sidebar of the Investment Postcards site (the column on the right-hand side) by clicking on Don's … [visit site to read more]

Bush Tax Cuts – A Cartoonist’s View

Posted: 07 Aug 2010 05:12 AM PDT

… [visit site to read more]

U.S. Stock Earnings Calendar For 9 - 13 August 2010

Posted: 07 Aug 2010 05:01 AM PDT

Check out which companies are holding earnings calls next week ( 9-13 August ). Earnings calendar by company name and ticker. If you’d like to stay in touch, sign up for my newsletter and get every new post by email.

Earnings Announcements for Monday

ST CENTURY BANCSHARES INC - FCTY
ACADIA PHARMACEUTICALS INC - ACAD
Adams Resources & Energy - AE
ADVANCED BATTERY TECHNOLOG INC - ABAT
Advanced Photonix - API
ADVENTRX PHARMACEUTICALS INC - ANX
Advocat - AVCA
AeroCentury - … [visit site to read more]

Thank You!

Posted: 07 Aug 2010 04:50 AM PDT

I am forever humbled when people read and comment at Sense on Cents.
What is the fuel that drives Sense on Cents? An insatiable competitiveness on my part. My desire to help people. My personal intellectual curiousity to learn more about a wide array of market and economic topics. That said, the fact that people continue to read, share, and comment on my writing is the ultimate fuel that drives this blog/website. Your interests drive my interests. In short, we are helping each other.
Given my … [visit site to read more]

Update: Lemonade Stands Get Reprieve

Posted: 07 Aug 2010 04:34 AM PDT

“Multnomah County’s top elected official apologized Thursday for health inspectors who forced a 7-year-old girl to shut down her stand last week because she didn’t have a food-safety permit.”

HT: Ron … [visit site to read more]