Friday, August 15, 2014

General Economics

Bloomberg | Consumer Sentiment in U.S. Fell in August to Nine-Month Low
The Thomson Reuters/University of Michigan preliminary sentimentindex dropped to 79.2, the lowest since November, from 81.8 in July, according to data issued today. It was lower than any economist surveyed by Bloomberg projected and represented the biggest negative surprise in a decade.
Market Watch | August Empire state index retreats from 4-yr high
The Empire State manufacturing survey retreated to 14.7 in August after hitting a four-year high of 25.6 in July, the New York Fed said Friday. Economists polled by MarketWatch had expected a 20.0 reading, in the gauge where readings above zero indicate improving conditions.
Bloomberg | Broad Gain in U.S. Factory Production Signals Strength: Economy
Factories in July were the busiest in five months as cars rolled off U.S. assembly lines at the fastest rate in 14 years and a stronger economy encouraged American companies to invest in equipment.

Econ Comments & Analysis                                                                                            
Forbes | Comprehensive Immigration Reform Is A Balance Of Compassion Versus Cost
With the current invasion by tens of thousands of children pushing immigration reform once again to the front of the U.S. policy agenda, many people wonder why we cannot achieve comprehensive immigration reform.

Market Watch | Riskiest subprime auto loans coming from car companies: Fed study
The surge in subprime auto loans since the end of the recession has been most pronounced among riskier borrowers, and auto finance companies typically tied to car manufacturers are leading the parade, according to a new study released by the New York Federal Reserve Bank on Thursday.