Economy News

from AIER

Established 1999

New England, USA

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Daily Economy

  • •

    Manufacturing Shipments Rise While New Orders Fall

    The value of shipments from U.S. manufacturers rose 0.1 percent in May, according to newly released data from the Department of Commerce. Total shipments are up 4.9 percent compared to the same period last year. May marks the sixth month in a row that year-over-year growth has exceeded 4 percent, the longest stretch since 2012.…

  • Dear Mr. President

    •

    Dear Mr. President

    In the fall of 1974, AIER founder E.C. Harwood wrote a letter to President Gerald Ford.

  • •

    Around the Web – June 30, 2017

    Some informative reads from this week: Peace is Popular by Jeff Deist, Mises Institute Pakistani Economic Think-Tank Argues That Pakistani Monetary Policy Should Mimic Bitcoin by Samuel Haig, Bitcoin.com US Government Organizes ‘Federal Blockchain Forum’ for July by Wolfie Zhou, Coindesk More Precious Than Gold? Copper’s the Better Inflation Hedge by Susanne Barton, Bloomberg A…

  • •

    Personal Income Gains Push Saving Rate Up in May

    Pre-tax and after-tax personal income posted solid gains in May, rising 0.4 percent and 0.5 percent, respectively, according to data from the Bureau of Economic Analysis. Combined with a modest 0.1 percent in personal consumption expenditures, the personal saving rate rose to 5.5 percent, the highest since September. A broader measure of savings from the…

  • •

    First-Quarter Real GDP Revised Higher

    Revised data from the Bureau of Economic Analysis show the U.S. economy grew at a 1.4 percent annualized pace in the first quarter. That estimate compares to a 1.2 percent estimate last month and an original estimate of 0.7 percent released in April. The largest contributors to the upward revision were personal consumption expenditures and…

  • Does the Price of Bitcoin Matter?

    •

    Does the Price of Bitcoin Matter?

    Far too much uncertainty about the future exists to learn much of anything from current swings in Bitcoin’s price.

  • AIER’s 2017 Summer Fellowship Program Starts

    •

    AIER’s 2017 Summer Fellowship Program Starts

    AIER’s Summer Fellowship Program, started in 1946, continues to attract high-caliber students from prestigious colleges and universities across the United States.

  • •

    Economic Activity Slowed in May

    The Chicago Fed National Activity Index (CFNAI) registered a -0.26 reading in May, down from +0.57 in April. The index is a composite of 85 different economic data series divided up into four groups. It is designed so that a reading of zero indicates economic activity is growing at its long-term trend rate while readings…

  • •

    Who Pays to Keep Bitcoin Running?

    When you hand someone a dollar bill, gold coin, or bushel of wheat, the transaction doesn’t require much effort to execute. The seller holds a physical object, and apart from counterfeiting, knows that he or she has been paid. When you pay someone by credit card, money must be digitally transferred between accounts, but this…

  • •

    Latest Data Suggest Tight Housing, Labor Markets

    A day after the National Association of Realtors reported a 2.7 percent rise in existing-home sales for the year through May, the Office of Federal Housing Enterprise Oversight, a division of the Federal Housing Finance Agency, reported a 6.8 percent increase in home-purchase prices for the 12 months through April. Among the nine Census regions…

  • •

    Manufacturing Shipments Rise While New Orders Fall

    The value of shipments from U.S. manufacturers rose 0.1 percent in May, according to newly released data from the Department of Commerce. Total shipments are up 4.9 percent compared to the same period last year. May marks the sixth month in a row that year-over-year growth has exceeded 4 percent, the longest stretch since 2012.…

  • Dear Mr. President

    •

    Dear Mr. President

    In the fall of 1974, AIER founder E.C. Harwood wrote a letter to President Gerald Ford.

  • •

    Around the Web – June 30, 2017

    Some informative reads from this week: Peace is Popular by Jeff Deist, Mises Institute Pakistani Economic Think-Tank Argues That Pakistani Monetary Policy Should Mimic Bitcoin by Samuel Haig, Bitcoin.com US Government Organizes ‘Federal Blockchain Forum’ for July by Wolfie Zhou, Coindesk More Precious Than Gold? Copper’s the Better Inflation Hedge by Susanne Barton, Bloomberg A…

  • •

    Personal Income Gains Push Saving Rate Up in May

    Pre-tax and after-tax personal income posted solid gains in May, rising 0.4 percent and 0.5 percent, respectively, according to data from the Bureau of Economic Analysis. Combined with a modest 0.1 percent in personal consumption expenditures, the personal saving rate rose to 5.5 percent, the highest since September. A broader measure of savings from the…

  • •

    First-Quarter Real GDP Revised Higher

    Revised data from the Bureau of Economic Analysis show the U.S. economy grew at a 1.4 percent annualized pace in the first quarter. That estimate compares to a 1.2 percent estimate last month and an original estimate of 0.7 percent released in April. The largest contributors to the upward revision were personal consumption expenditures and…

  • Does the Price of Bitcoin Matter?

    •

    Does the Price of Bitcoin Matter?

    Far too much uncertainty about the future exists to learn much of anything from current swings in Bitcoin’s price.

  • AIER’s 2017 Summer Fellowship Program Starts

    •

    AIER’s 2017 Summer Fellowship Program Starts

    AIER’s Summer Fellowship Program, started in 1946, continues to attract high-caliber students from prestigious colleges and universities across the United States.

  • •

    Economic Activity Slowed in May

    The Chicago Fed National Activity Index (CFNAI) registered a -0.26 reading in May, down from +0.57 in April. The index is a composite of 85 different economic data series divided up into four groups. It is designed so that a reading of zero indicates economic activity is growing at its long-term trend rate while readings…

  • •

    Who Pays to Keep Bitcoin Running?

    When you hand someone a dollar bill, gold coin, or bushel of wheat, the transaction doesn’t require much effort to execute. The seller holds a physical object, and apart from counterfeiting, knows that he or she has been paid. When you pay someone by credit card, money must be digitally transferred between accounts, but this…

  • •

    Latest Data Suggest Tight Housing, Labor Markets

    A day after the National Association of Realtors reported a 2.7 percent rise in existing-home sales for the year through May, the Office of Federal Housing Enterprise Oversight, a division of the Federal Housing Finance Agency, reported a 6.8 percent increase in home-purchase prices for the 12 months through April. Among the nine Census regions…