tag:blogger.com,1999:blog-6616959642391988608.post2703723337270509919..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Service sector surprises on the upsideScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-51619297240270423082013-08-05T20:31:24.839-07:002013-08-05T20:31:24.839-07:00
Unit labor costs in nonfarm businesses fell 4.3 p...<br />Unit labor costs in nonfarm businesses fell 4.3 percent in the first quarter of 2013, the combined effect of a 3.8 percent decrease in hourly compensation and the 0.5 percent increase in productivity---the BLS.<br /><br />If unit labor costs are falling...how do we get inflation?<br /><br />Office rents are soft, industrial rents are soft. <br /><br />I would say the Fed has the field Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63510102684727401392013-08-05T19:55:39.891-07:002013-08-05T19:55:39.891-07:00The PCE inflation index is at 1 percent and fallin...The PCE inflation index is at 1 percent and falling. So, the Fed is well below even its somewhat low 2 percent inflation target, and economic growth remains weak. I can't see why QE should end now, or maybe even for several years. <br /><br />Also, it is wrong to think of QE as "doing something" and not doing QE as being neutral.<br /><br />If the Fed has its polished wing-tipped Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4676504071390535682013-08-05T14:15:15.104-07:002013-08-05T14:15:15.104-07:00TrimTabs: Record inflow into U.S. equity funds in ...<b>TrimTabs: Record inflow into U.S. equity funds in July</b><br /><br />"Of the $40.3 billion total going into equity funds in July, $31.6 billion went into U.S. equity ETFs, while $8.7 billion flowed into U.S. equity mutual funds, TrimTabs reported.<br /><br />"<b>The record inflows came a month after investors had dumped bonds at a record pace in June</b>....A record $69.1 billion Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.com