Honeywill posted profits of 689 million dollars for the 4th quarter 2007. This increase in profits of over 18% caused the stock to jump 4%….read more at Reuters:
Honeywell Posts Higher Profits, Stock Rises 4%
January 25, 2008
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Supplier to Building Industry (W.W. Grainger) Posts Higher Results
January 25, 2008W.W. Grainger reported a 5.6% profit increase for the 4th quarter over 2006 results. Sales revenue increased 10% to 1.61 billion dollars, beating Wall Street’s expectations of 1.6 billion…read more http://www.reuters.com/article/businessNews/idUSWNAS783520080125?feedType=nl&feedName=usbusinessearly
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Amazon Posts Best Holiday Season Ever!
January 18, 2008From the little online sales company who Wall Street nearly gave up on just 10 years ago… Sold 62.5 items per SECOND during the holiday season! Good economic news indeed.
http://www.reuters.com/article/internetNews/idUSN2636166020071226
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Johnson Controls Posts Better Than Expected Earnings…
January 18, 2008Johnson Control’s earning for the 4th quarter jumped 45% over the same period in 2006, beating analyists expectations by 2 cents per share. A 3% jump in its share price followed this morning. This is more good news for major American industries.
http://www.reuters.com/article/businessNews/idUSN1829570520080118?feedType=RSS&feedName=businessNews
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IBM Posts Increased Expectations…
January 18, 2008And the stock market reacts! GE posts improved profits, and IBM follows suite… The sky is NOT falling! Good economic news abounds, unfortunately, you have to look for it!
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GE Posts Increased Profits, and Revenues
January 18, 2008Did you see this on the morning “news?” Probably not. GE, considered a bellweather of the US economy posted a 6.7 billion dollar profit for the fourth quarter, meeting analyists expectation. Many of GE’s products are considered infrastructure goods, and if demand for these products remains high, then it is assumed that our economy has a good foundation supporting it. See the rest of the story at Reuters News:
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Overwhelming Black Friday Results in 07!
January 17, 2008Mainstream media loves to report that retail sales were “down” for December, compared to last year. As I mentioned in an earlier post, Thanksgiving came a week earlier this year, meaning an extra weekend of Christmas shopping in NOVEMBER, and one less in DECEMBER…duh… Do the math! But of course, this ends up marginalized if mentioned at all… This from ShopperTrak Corp.
According to ShopperTrak RCT Corp., which tracks sales at more than 50,000 retail outlets, total sales rose 8.3 percent to about $10.3 billion on Friday, the day after Thanksgiving, compared with $9.5 billion on the same day a year ago. ShopperTrak had expected an increase of no more than 4 percent to 5 percent.
In fact, as reported by the Wall Street Journal, intial holiday sales rose 3.6% over 2006. Not bad considering all the doom and gloom being reported around the nation.
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Job Ups…As Are Hourly Rates
January 16, 2008ABC reports just in December that our economy added 94,000 jobs in November, and the hourly rate rose 8 cents.
http://abcnews.go.com/Business/MarketTalk/story?id=3968344&page=1
Our economy is not a mess, and if we slip into a recession it will be because we slowed our consumption… Don’t be irresponsible about it, but don’t start sticking all your money under the mattress. Money out of circulation means it’s not being spent on hourly wages, which is what needs to be done with it.
You buy things, things have to be produced, services have to be rendered. You stop your consumption, and those products and services are no longer needed, resulting in a layoff…
And the converse is true when we spend…
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Productivity Up…More Good News
January 15, 2008Productivity rose in the Third quarter… And interesting story on productivity, labor, how it effects Federal Reserve decisions about interest rates, and our potential economic expansion.
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I’ve Had Enough!
January 15, 2008The paradox created by mainstream media is that the sky is falling while I look around and see consumerism still very alive and well.
So I’m dedicating this blog to bringing the GOOD that our economy is generating. I can keep it positive since I do not have the pressure to “sell” readers, since it appears that all that “sells” is doom and gloom.
I hope you are able to see that intertwined with the down-side of our economy is a robust economy base on consumption of goods and services. If we constantly pay homage to the downside, we will create a self-fulfilling prophesy where we cut consumption based on news reports. These cuts result in layoffs, leading to more bad news, less consumption, and more layoffs. You see the vicious cycle.
Start with this report from October from CBS
http://www.cbsnews.com/stories/2003/11/26/national/main585730.shtml
You can read that our economic condition is ripe with consumer activity, and a positive outlook for the fall. While many media reported lower December sales, they didn’t report that Thanksgiving was a week earlier than in recent years, meaning November’s sales were up. You see, these little things get over-looked so that the doom and gloomers can feed you information that they feel “sells.” More to follow.
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