TPP & the other Global Corporate treaties/'arrangements'; Suing the Global Corporate Economy via ‘your’ government.
Japan; ‘The Submission’ to The Supreme Court of Canada paves the way for Expanding & Improving the basis of the Yamada led ‘Sword & Shield’ Counter attack Suit against the Japanese gov’t, et al. TPP & other Global Corporate Treaties/’Arrangements’ signatory gov’ts. in Conflict of Interest.
TPP, et al, Just in Time to protect carcinogenic ‘Round Up’ & other Toxic products & Foods; the Future starts NOW. Taxes Cut as Gov’ts pass Lawsuit Costs to harmless citizens?
(CAN.) – The TPP & the other global corporate treaties/’arrangements’ provides that the signatory governments will not only be no longer able to sue corporations for not adhering to the laws of their host countries & thereby, replace the desire of American lead corporations for tort reform with tort abolishment, but the TPP will also place the signatory governments in positions of a conflict of interest in regard to their own harmless citizens who are being forced to find their own, non-governmental means of enforcing existing & future laws that have been passed by way of:
1) the secrecy of unethical lobbyists for the benefits of their wealthy corporation clients & their shareholders,
&/or,
2) the ethical desire to compete with other countries by passing laws that protect & enhance the well-being of its citizens regarding their health care, education, worker safety, environment, transfer payments, etc.
However, it seems that it is only recently that the harmless citizens of Japan & other nations are learning that due to Corporate Canada’s, &/or, the government of Canada’s anxious desire to impress its TPP corporate associates, &/or, the citizens of Japan, et al, with:
1) its unencumbered access to the natural resources that are continuing to be discovered in Canada,
2) its ability to ‘manage’ Native Canadians in regard to accessing the aforementioned natural resources in Canada
&
3) et al,
Corporate Canada, &/or, the Canadian government has misinformed its corporate associates & deprived its corporate associates of due diligence information (eg. the Canadian government, et al, is continuing to deprive Native Canadians, et al, of the information & questions in The W.A.D. Accord),
which will greatly affect the costs of developing the aforementioned natural resources, and thus, as a consequence of Corporate Canada’s, &/or, the Canadian government’s actions it has given the harmless citizens of Japan, et al, the basis for:
1) not only, suing Corporate Canada, &/or, the government of Canada, via the Canadian government,
but, for :
2) also expanding & improving upon Mr. Yamada’s existing suit against the Japanese government, &/or, Corporate Japan, et al, as well.
And, thus, Corporate Canada, via their lobbyists to the Canadian government, are most anxious to escape from their liabilities by a rapid ratification of the TPP, et al.
Therefore, the Japanese group, led by Mr. Masahiko Yamada, who are suing their government regarding the Trans-Pacific Partnership on behalf of themselves & the citizens of Japan, might seriously consider suing Corporate Canada, in order to ensure that they, the harmless citizens, do not end up having to ‘contribute’ any of their tax dollars to pay for The Compensation in The W.A.D. Accord, et al, & thereby, prevent Corporate Canada from escaping its liabilities by way of the ratification of the TPP, et al.
Furthermore, by suing Corporate Canada &/or, the government of Canada, by Mr. Yamada’s group, would enable the harmless citizens of Japan as a ‘sword’ & a ‘shield’ to prevent the government of Japan from using any of tax dollars of the harmless citizens of Japan to further punish the harmless citizens, ie. the ‘shield’ & to provide the monies necessary from the punitive damages, on an on-going basis, to continue to fight the future capricious forays & assaults against the harmless citizens’ democracy and counteract the damages to it, etc. caused by Corporate Japan, the government of Japan, et al, ie. the ‘sword’.
In the meantime,
Please see the reference material below:
‘The Submission’ to The Supreme Court of Canada:
‘The SHAREHOLDERS & Corporations of JAPAN, America, China, Canada, the EU,
the Trans-Pacific nations, et al,
v.
the (harmless) Canadian NON shareholders, both; Native & non Native, et al’
(see; davidehsmith.wordpress.com)
which includes:
1) The W.A.D. Accord,
2) ‘The MERKEL (Chancellor of Germany) Letter; To Sue, or, Be Sued?’
&
3) et al.
‘The Submission’ also considers:
1) what is a ‘good corporate citizen’
&
2) how to make those corporations which are not good corporate citizens to conform, or, to make the corporations persona non grata.
The letter to Prime Minister Shinzo Abe, ‘Prime Minister Abe; You’ve been Served with; The NOTIFICATION of Pre-existing CHALLENGE to The TPP’, was sent separately.
Please also see; ‘The Basis for Litigation & Litigation Funders; Suing the Global Corporate Economy’.
***
For More Info, see; davidehsmith.wordpress.com ***
Please consider sharing the above info & questions with 10 friends who share with 10 friends & so on...
Right now global recessions woes persist and fiscal policy has been obstructed by conservatives putting the burden on central bankers... who have run out ammo. The root cause is overproduction which led to outsourcing our manufacturing jobs and so unbalanced the global economy. There were props along the way but the main prop was socialist China's new city stimulus; and it has come to near standstill. So really, does its matter. While fiscal stimulus can create demand in the short term, in the long term the global economy is still unbalanced, and if not unchecked, will spin out of control. We need new ideas, and I don't see any out there.
To make it appear Hillary is the foregone conclusion, the inevitable nominee. They are still doing this, repeatedly saying Bernie has no chance or ignoring his wins and surges. They barely cover him in many cases. Establishment media is so useless, some very expensive talking noise that runs 24/7.
There are 4,763 total Democratic delegates
- 770 super-delegates
= 3,993 regular delegates (allocated by primaries/caucuses)
2,383 delegates are needed for the party nomination
- 770 super-delegates
1,613 outstanding regular delegates needed for nomination
Excluding super-delegates, regular delegates allocated so far as of March 90, 2016:
Clinton 760
Sanders 546
Super-delegates can change their mind any time up until the DNC convention in July. If the don't vote with the popular vote, that could spell big trouble for the political insiders (and Bernie could even run as an Independent -- or his supporters would write in his name -- or they would vote Republican -- or they might not vote at all.)
But the media (especially on the cable news stations) are always totaling the delegate count with the super-delegates to make the election appear as though it's already a done deal for Hillary.
Wow, didn't see that one coming. Congrats to all Bernie supporters. He is clearly highly competitive and if they swing it just to super delegates that will be disgusting now wouldn't it?
Warren Buffett wrote: “America’s golden goose of commerce and innovation will continue to lay more and larger eggs. America’s Social Security promises will be honored and perhaps made more generous. And, yes, America’s kids will live far better than their parents did.” http://www.marketplace.org/2016/02/29/world/buffett-economyomy
Indices really imply a currency manipulation game going on. Have to revisit the losses to the U.S. economy over currency manipulation after reading this.
I don't know the natural death and birth rates but I *thought* those natural rates were in the adjustments already, i.e. population controls from the Census.
From the increase in employed it is possible that those not in the labor force found jobs, but month to month correlations are spurious at best, need at least a quarter of data to imply anything, a year is really the valid marker.
found out something i hadnt realized with this report...they extrapolate each metric from the survey separately, and since we're talking people, they obviously round to whole numbers...but what we saw this week was that the seasonally adjusted count of those who were employed rose by 530,000 and the number of unemployed rose by 24,000, while the labor force increased by 555,000, meaning there significant fractional people who were either employed or unemployed, enough to add up to another whole person in the labor force..
Trump is clearly going to give unlimited foreign guest worker Visas, as will all of them probably but still that's quite a betrayal from his earlier position.
Bernie does have a proven track record helping U.S. workers with regard to foreign guest worker Visas.
I just watched the GOP debate, and nobody offered anything new. It was the same-ole same-ole.
The GOP's solution for Detroit and Flint Michigan is the same as it is for the entire country — the way to fix the infrastructure and schools and bring back jobs is to lower the tax base. They want us to believe that less tax revenues will fix everything.
The fact is, offshoring jobs to low-wage countries and the increase in corporate tax avoidance has decreased tax revenues, leaving government less money to fix infrastructure, fix schools and replace lead pipes.
The "effective" corporate tax rate (what they actually pay) is lower now than it has been for decades — nominally and as a percent of profits and GDP. Wages have also been stagnant for decades, and in many cases, have declined — while the cost of living has increased.
The GOP wants us to believe that by lowering the tax base, it will bring jobs back from China, induce employers to pay higher wages, and provide enough tax revenues to fix infrastructure, fix schools and replace lead pipes.
The GOP want us to believe that if corporations could pay no taxes at all, all their savings would NOT go into the pockets of executives and shareholders, but into the pockets of working people — and into the city, state, county and federal coffers to fix infrastructure, fix schools and replace lead pipes.
Programs such as Social Security are under-funded, because wages have not kept up with productivity, CEO pay and after-tax profits. But rather than paying higher wages or lifting the "cap" for Social Security taxes, the GOP wants to cut Social Security benefits and raise the age for retirement, claiming we're living longer now (when it's mainly the very rich who are living longer).
Donald Trump says he regularly travels all over the world, and he sees other airports, trains and roads in other countries, and says he's ashamed of our crumbling infrastructure — comparing America to a third world country.
But the GOP wants us to believe that the less we tax the very rich, the more lead pipes we can fix.
Vote for Bernie Sanders to bring jobs back to America and to fix our infrastructure.
.today's construction spending report showed the December spending estimate was revised 0.6% higher, from $1,116.6 billion to $1,123.5 billion, while November's construction spending was revised from $1,116.0 billion to $1,116.9 billion, which together would suggest an upward revision to 4th quarter GDP of 0.19 percentage points..
with the release of the CPI, we should be able to estimate the economic impact of last week's January retail sales report...for the most accurate estimate, and the way the BEA will be figuring 1st quarter GDP at the end of April, we would have to take each type of retail sales and adjust it with the appropriate change in price to determine real sales; for instance, January's clothing store sales, which rose by 0.2% in dollars, should be adjusted with the price index for apparel, which was up by 0.6%, to show us that real retail sales of clothing were actually down 0.4% in January...then, to get a GDP relevant quarterly change, we'd have to compare those January real clothing sales with real clothing consumption for the months of October, November and December, and then repeat that process for each other type of retailer, obviously quite a tedious task to undertake manually...the short cut we usually use for a ballpark estimate is to apply the composite price index of all commodities less food and energy commodities, which was up 0.2%, to retail sales less grocery, gas station, and restaurant sales, which accounts for nearly 70% of the aggregate sales....those sales were up almost 0.4% in January, and since their price index was up 0.2%, real retail sales excluding food and energy sales were up approximately 0.2%...then, for the rest of the total, we find sales at grocery stores were up 0.8%, while prices for food at home were down 0.2%, suggesting a real increase of 1.0% in the volume of food purchased in January....next, sales at bars and restaurants were down 0.5% in dollars, and in addition those dollars bought 0.3% less, so real sales of food away from home were actually down about 0.8%...and while gas station sales were down 3.3%, gasoline prices were down 4.8%, suggesting a solid real increase in gasoline sold, with the caveat that gas stations sell more than gasoline, and we don't have the details on that...weighing the food and energy components at one third of total retail sales suggests that net real retail sales were up on the order of 0.2% in January, following a real decrease of 0.3% in December, an increase of 1.0% in November, and a decrease of 0.1% in October (data which we get from Table 7 of the income and outlays report (pdf))...that means we can estimate that January's real consumption of goods was 0.2% higher than that of December, 0.1% lower than that of November, and 0.9% higher than that of October, suggesting a real increase of more than 0.3% in January from the average monthly real sales of the 4th quarter..
False charge. Gordon Gekko's speech was against corporate officers and their fat pensions and payrolls. Gordon also noted the fiscal deficit of the U.S. being at "nightmare" proportions, and that was nearly 30 years ago.
last week i reviewed factory inventories as compared to BEA estimates and judged that their level would have little impact of revisions to 4th quarter GDP...but in computing 4th quarter GDP, the BEA assumed an increase inventories in merchant wholesale and retail industries other than motor vehicles (pdf) for December at a $26.5 billion annual rate, which would work out to about $2.2 billion monthly...today's business inventory report shows retail inventories ex-autos up 0.2%, or a bit over $0.8 billion, whereas the wholesale inventories report showed total inventories down almost $0.8 billion despite a $168 million increase in automotive products inventories...so it appears that the BEA overestimated December and end of quarter wholesale and retail inventories by nearly $2.4 billion, which would work out to a decrease at $9.5 billion annual rate from previously published figures, which would in turn would result in a subtraction of roughly 0.58 percentage points from 4th quarter GDP...
TPP & the other Global Corporate treaties/'arrangements'; Suing the Global Corporate Economy via ‘your’ government.
Japan; ‘The Submission’ to The Supreme Court of Canada paves the way for Expanding & Improving the basis of the Yamada led ‘Sword & Shield’ Counter attack Suit against the Japanese gov’t, et al. TPP & other Global Corporate Treaties/’Arrangements’ signatory gov’ts. in Conflict of Interest.
TPP, et al, Just in Time to protect carcinogenic ‘Round Up’ & other Toxic products & Foods; the Future starts NOW. Taxes Cut as Gov’ts pass Lawsuit Costs to harmless citizens?
(CAN.) – The TPP & the other global corporate treaties/’arrangements’ provides that the signatory governments will not only be no longer able to sue corporations for not adhering to the laws of their host countries & thereby, replace the desire of American lead corporations for tort reform with tort abolishment, but the TPP will also place the signatory governments in positions of a conflict of interest in regard to their own harmless citizens who are being forced to find their own, non-governmental means of enforcing existing & future laws that have been passed by way of:
1) the secrecy of unethical lobbyists for the benefits of their wealthy corporation clients & their shareholders,
&/or,
2) the ethical desire to compete with other countries by passing laws that protect & enhance the well-being of its citizens regarding their health care, education, worker safety, environment, transfer payments, etc.
However, it seems that it is only recently that the harmless citizens of Japan & other nations are learning that due to Corporate Canada’s, &/or, the government of Canada’s anxious desire to impress its TPP corporate associates, &/or, the citizens of Japan, et al, with:
1) its unencumbered access to the natural resources that are continuing to be discovered in Canada,
2) its ability to ‘manage’ Native Canadians in regard to accessing the aforementioned natural resources in Canada
&
3) et al,
Corporate Canada, &/or, the Canadian government has misinformed its corporate associates & deprived its corporate associates of due diligence information (eg. the Canadian government, et al, is continuing to deprive Native Canadians, et al, of the information & questions in The W.A.D. Accord),
which will greatly affect the costs of developing the aforementioned natural resources, and thus, as a consequence of Corporate Canada’s, &/or, the Canadian government’s actions it has given the harmless citizens of Japan, et al, the basis for:
1) not only, suing Corporate Canada, &/or, the government of Canada, via the Canadian government,
but, for :
2) also expanding & improving upon Mr. Yamada’s existing suit against the Japanese government, &/or, Corporate Japan, et al, as well.
And, thus, Corporate Canada, via their lobbyists to the Canadian government, are most anxious to escape from their liabilities by a rapid ratification of the TPP, et al.
Therefore, the Japanese group, led by Mr. Masahiko Yamada, who are suing their government regarding the Trans-Pacific Partnership on behalf of themselves & the citizens of Japan, might seriously consider suing Corporate Canada, in order to ensure that they, the harmless citizens, do not end up having to ‘contribute’ any of their tax dollars to pay for The Compensation in The W.A.D. Accord, et al, & thereby, prevent Corporate Canada from escaping its liabilities by way of the ratification of the TPP, et al.
Furthermore, by suing Corporate Canada &/or, the government of Canada, by Mr. Yamada’s group, would enable the harmless citizens of Japan as a ‘sword’ & a ‘shield’ to prevent the government of Japan from using any of tax dollars of the harmless citizens of Japan to further punish the harmless citizens, ie. the ‘shield’ & to provide the monies necessary from the punitive damages, on an on-going basis, to continue to fight the future capricious forays & assaults against the harmless citizens’ democracy and counteract the damages to it, etc. caused by Corporate Japan, the government of Japan, et al, ie. the ‘sword’.
In the meantime,
Please see the reference material below:
‘The Submission’ to The Supreme Court of Canada:
‘The SHAREHOLDERS & Corporations of JAPAN, America, China, Canada, the EU,
the Trans-Pacific nations, et al,
v.
the (harmless) Canadian NON shareholders, both; Native & non Native, et al’
(see; davidehsmith.wordpress.com)
which includes:
1) The W.A.D. Accord,
2) ‘The MERKEL (Chancellor of Germany) Letter; To Sue, or, Be Sued?’
&
3) et al.
‘The Submission’ also considers:
1) what is a ‘good corporate citizen’
&
2) how to make those corporations which are not good corporate citizens to conform, or, to make the corporations persona non grata.
The letter to Prime Minister Shinzo Abe, ‘Prime Minister Abe; You’ve been Served with; The NOTIFICATION of Pre-existing CHALLENGE to The TPP’, was sent separately.
Please also see; ‘The Basis for Litigation & Litigation Funders; Suing the Global Corporate Economy’.
***
For More Info, see; davidehsmith.wordpress.com ***
Please consider sharing the above info & questions with 10 friends who share with 10 friends & so on...
Right now global recessions woes persist and fiscal policy has been obstructed by conservatives putting the burden on central bankers... who have run out ammo. The root cause is overproduction which led to outsourcing our manufacturing jobs and so unbalanced the global economy. There were props along the way but the main prop was socialist China's new city stimulus; and it has come to near standstill. So really, does its matter. While fiscal stimulus can create demand in the short term, in the long term the global economy is still unbalanced, and if not unchecked, will spin out of control. We need new ideas, and I don't see any out there.
If you are going to talk about trade deficits, you have to bring the petrodollar into play.
To make it appear Hillary is the foregone conclusion, the inevitable nominee. They are still doing this, repeatedly saying Bernie has no chance or ignoring his wins and surges. They barely cover him in many cases. Establishment media is so useless, some very expensive talking noise that runs 24/7.
There are 4,763 total Democratic delegates
- 770 super-delegates
= 3,993 regular delegates (allocated by primaries/caucuses)
2,383 delegates are needed for the party nomination
- 770 super-delegates
1,613 outstanding regular delegates needed for nomination
Excluding super-delegates, regular delegates allocated so far as of March 90, 2016:
Clinton 760
Sanders 546
Super-delegates can change their mind any time up until the DNC convention in July. If the don't vote with the popular vote, that could spell big trouble for the political insiders (and Bernie could even run as an Independent -- or his supporters would write in his name -- or they would vote Republican -- or they might not vote at all.)
But the media (especially on the cable news stations) are always totaling the delegate count with the super-delegates to make the election appear as though it's already a done deal for Hillary.
Wow, didn't see that one coming. Congrats to all Bernie supporters. He is clearly highly competitive and if they swing it just to super delegates that will be disgusting now wouldn't it?
by a strange attitude taking person who should know better.
A phony STEM shortage and the scandal of engineering visas -- how American jobs get outsourced
http://www.latimes.com/business/hiltzik/la-fi-mh-the-scandal-of-engineer...
Trade deficits between the U.S. and the 11 other countries in the proposed Trans-Pacific Partnership (TPP) cost 2 million U.S. jobs in 2015
http://www.epi.org/publication/trans-pacific-partnership-currency-manipu...
The wage stagnation that's driving the 2016 campaign
http://www.freep.com/story/opinion/columnists/stephen-henderson/2016/03/...
The State of American Retirement - How 401(k)s have failed most American workers
http://www.epi.org/publication/retirement-in-america/
Warren Buffett wrote: “America’s golden goose of commerce and innovation will continue to lay more and larger eggs. America’s Social Security promises will be honored and perhaps made more generous. And, yes, America’s kids will live far better than their parents did.”
http://www.marketplace.org/2016/02/29/world/buffett-economyomy
Indices really imply a currency manipulation game going on. Have to revisit the losses to the U.S. economy over currency manipulation after reading this.
530 + 24 = 554.
off by 1.
Yes each series has it's own seasonal adjustment but on table A they do add unless there is a rounding issue, cumulative.
The GDP report really has these as each is also computed separately, if one noticed on the components.
I don't know the natural death and birth rates but I *thought* those natural rates were in the adjustments already, i.e. population controls from the Census.
From the increase in employed it is possible that those not in the labor force found jobs, but month to month correlations are spurious at best, need at least a quarter of data to imply anything, a year is really the valid marker.
...we shouldn't be surprised if after the next 10 years the unemployment rate will be -4.9%
Just curious...If there are 374,000 less people that are "not in the labor force", did they either find work or die?
I'm assuming they didn't retire or go on disability, right?
found out something i hadnt realized with this report...they extrapolate each metric from the survey separately, and since we're talking people, they obviously round to whole numbers...but what we saw this week was that the seasonally adjusted count of those who were employed rose by 530,000 and the number of unemployed rose by 24,000, while the labor force increased by 555,000, meaning there significant fractional people who were either employed or unemployed, enough to add up to another whole person in the labor force..
Trump is clearly going to give unlimited foreign guest worker Visas, as will all of them probably but still that's quite a betrayal from his earlier position.
Bernie does have a proven track record helping U.S. workers with regard to foreign guest worker Visas.
I just watched the GOP debate, and nobody offered anything new. It was the same-ole same-ole.
The GOP's solution for Detroit and Flint Michigan is the same as it is for the entire country — the way to fix the infrastructure and schools and bring back jobs is to lower the tax base. They want us to believe that less tax revenues will fix everything.
The fact is, offshoring jobs to low-wage countries and the increase in corporate tax avoidance has decreased tax revenues, leaving government less money to fix infrastructure, fix schools and replace lead pipes.
The "effective" corporate tax rate (what they actually pay) is lower now than it has been for decades — nominally and as a percent of profits and GDP. Wages have also been stagnant for decades, and in many cases, have declined — while the cost of living has increased.
The GOP wants us to believe that by lowering the tax base, it will bring jobs back from China, induce employers to pay higher wages, and provide enough tax revenues to fix infrastructure, fix schools and replace lead pipes.
The GOP want us to believe that if corporations could pay no taxes at all, all their savings would NOT go into the pockets of executives and shareholders, but into the pockets of working people — and into the city, state, county and federal coffers to fix infrastructure, fix schools and replace lead pipes.
Programs such as Social Security are under-funded, because wages have not kept up with productivity, CEO pay and after-tax profits. But rather than paying higher wages or lifting the "cap" for Social Security taxes, the GOP wants to cut Social Security benefits and raise the age for retirement, claiming we're living longer now (when it's mainly the very rich who are living longer).
Donald Trump says he regularly travels all over the world, and he sees other airports, trains and roads in other countries, and says he's ashamed of our crumbling infrastructure — comparing America to a third world country.
But the GOP wants us to believe that the less we tax the very rich, the more lead pipes we can fix.
Vote for Bernie Sanders to bring jobs back to America and to fix our infrastructure.
.today's construction spending report showed the December spending estimate was revised 0.6% higher, from $1,116.6 billion to $1,123.5 billion, while November's construction spending was revised from $1,116.0 billion to $1,116.9 billion, which together would suggest an upward revision to 4th quarter GDP of 0.19 percentage points..
A cartel also rises.
with the release of the CPI, we should be able to estimate the economic impact of last week's January retail sales report...for the most accurate estimate, and the way the BEA will be figuring 1st quarter GDP at the end of April, we would have to take each type of retail sales and adjust it with the appropriate change in price to determine real sales; for instance, January's clothing store sales, which rose by 0.2% in dollars, should be adjusted with the price index for apparel, which was up by 0.6%, to show us that real retail sales of clothing were actually down 0.4% in January...then, to get a GDP relevant quarterly change, we'd have to compare those January real clothing sales with real clothing consumption for the months of October, November and December, and then repeat that process for each other type of retailer, obviously quite a tedious task to undertake manually...the short cut we usually use for a ballpark estimate is to apply the composite price index of all commodities less food and energy commodities, which was up 0.2%, to retail sales less grocery, gas station, and restaurant sales, which accounts for nearly 70% of the aggregate sales....those sales were up almost 0.4% in January, and since their price index was up 0.2%, real retail sales excluding food and energy sales were up approximately 0.2%...then, for the rest of the total, we find sales at grocery stores were up 0.8%, while prices for food at home were down 0.2%, suggesting a real increase of 1.0% in the volume of food purchased in January....next, sales at bars and restaurants were down 0.5% in dollars, and in addition those dollars bought 0.3% less, so real sales of food away from home were actually down about 0.8%...and while gas station sales were down 3.3%, gasoline prices were down 4.8%, suggesting a solid real increase in gasoline sold, with the caveat that gas stations sell more than gasoline, and we don't have the details on that...weighing the food and energy components at one third of total retail sales suggests that net real retail sales were up on the order of 0.2% in January, following a real decrease of 0.3% in December, an increase of 1.0% in November, and a decrease of 0.1% in October (data which we get from Table 7 of the income and outlays report (pdf))...that means we can estimate that January's real consumption of goods was 0.2% higher than that of December, 0.1% lower than that of November, and 0.9% higher than that of October, suggesting a real increase of more than 0.3% in January from the average monthly real sales of the 4th quarter..
False charge. Gordon Gekko's speech was against corporate officers and their fat pensions and payrolls. Gordon also noted the fiscal deficit of the U.S. being at "nightmare" proportions, and that was nearly 30 years ago.
last week i reviewed factory inventories as compared to BEA estimates and judged that their level would have little impact of revisions to 4th quarter GDP...but in computing 4th quarter GDP, the BEA assumed an increase inventories in merchant wholesale and retail industries other than motor vehicles (pdf) for December at a $26.5 billion annual rate, which would work out to about $2.2 billion monthly...today's business inventory report shows retail inventories ex-autos up 0.2%, or a bit over $0.8 billion, whereas the wholesale inventories report showed total inventories down almost $0.8 billion despite a $168 million increase in automotive products inventories...so it appears that the BEA overestimated December and end of quarter wholesale and retail inventories by nearly $2.4 billion, which would work out to a decrease at $9.5 billion annual rate from previously published figures, which would in turn would result in a subtraction of roughly 0.58 percentage points from 4th quarter GDP...
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