Walmart’s Q4 2012 Results – Comments

I found various notable items in Walmart’s Q4 2012 conference call transcript (pdf) dated February 21, 2012.  I view Walmart’s results and comments as particularly noteworthy given their retail prominence and focus on low prices.  I have previously commented on their quarterly results; these previous posts are found under the “paycheck to paycheck” tag. Here are various excerpts that I …

Read more

Federal Reserve Philosophies – Then And Now

On Monday, February 13, John C. Williams, President and CEO, Federal Reserve Bank of San Francisco, gave a speech titled “The Federal Reserve’s Mandate and Best Practice Monetary Policy.” Although I don’t agree with many aspects of the speech, I found various aspects to be notable.  I would like to highlight one excerpt in particular, …

Read more

Consumer Confidence Surveys – As Of 2-13-12

In the last post (“4 Confidence Charts – February 13, 2012 Update“) I displayed four charts indicating various long-term consumer and small business confidence readings as compared to the S&P500. Doug Short had a blog post of February 10 (“Michigan Consumer Sentiment Declines in Preliminary Survey“) in which he presents the Conference Board and University …

Read more

4 Confidence Charts – February 13, 2012 Update

Here are four charts reflecting confidence survey readings.  These are from the SentimenTrader.com site. I find these charts valuable as they provide a long-term history of each survey, which is rare. Each survey chart is plotted in blue, below the S&P500: (click on each chart to enlarge image) Conference Board Consumer Confidence, last updated 1-31-12: – …

Read more

Markets During Periods Of Federal Reserve Intervention – Chart Since 2007

In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007. For reference purposes, here is an updated chart from Doug Short’s blog post of February 8 …

Read more

February 7 Gallup Poll On Economic Confidence – Notable Excerpts

On February 7, Gallup released a poll titled “U.S. Economic Confidence Climbs for Fifth Straight Month.” A few notable excerpts: Americans’ confidence in the economy improved for the fifth month in a row in January, with Gallup’s Economic Confidence Index reaching -27, its highest point since May of last year. Americans, however, are not yet as …

Read more

Food Stamps As Of February 2012

This post is an update to previous posts concerning food stamps.  The program is officially called “Supplemental Nutrition Assistance Program,” or SNAP.  As stated on the SNAP website, “As of Oct. 1, 2008, Supplemental Nutrition Assistance Program (SNAP) is the new name for the federal Food Stamp Program.” The data was last updated February 1, 2012, reflecting November 2011 levels. …

Read more

Fairness Of The U.S. Economic System

On January 25, Gallup published poll results in a release titled “Americans Divided on Whether U.S. Economic System Is Unfair.” In the poll results, it is seen that 45% think the economic system is “fair” while 49% think it is “unfair,” with 6% having “no opinion.” The poll also asks “Do you think the U.S. …

Read more

Durable Goods New Orders – Long-Term Charts Through December 2011

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, here are a few charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through December, last updated on January 26.  This December value is 214,522 ($ Millions) : – Here …

Read more