ITS GOOD – WE CAN NOT SEE THE FED FAILING TO MARKET RATE INTEREST as we finally move to economic money supply versus the insanity of free money.
Home land security – advise American’s to proceed feeling fully SAFE to bask in our freedoms and celebrate them collectively this Holiday. Our family is and you should share your gratitude list which includes the following. This thanksgiving our family will thank the unseen hero’s in intelligence – law enforcement – agencies of nations – all over the world who work tireless and without pay and over time to make sure in this hostile market space that WE ARE SAFE. Thank you each and every HERO for you all truly ARE HERO’s to us.
U.S. consumer spending rose AGAIN in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. The rise is gradual and controlled. Without the unwanted steep up and downs that create a lack of stability. The world economic system is balancing into a long term stability that bodes well of all of us who bask in our lives world wide.
I was writing an Iran family before this blog. They told me over 70% of their community loves American’s and wants Americans to be tourist and learn as they discover their culture, history, heritage and achievements. I told them the same here. That over 70% of American’s love the Iranian People and want to learn from them. We all agreed there must be a way the other 30% can give up punishing our differences to celebrate what we all share in common with mutual respect. WE see this slow process as the most important progress of all which applies to North Korea, and all nations and peoples truly.
Consumer spending increases expectations that the Federal Reserve will raise interest rates next month as other data on Wednesday showed a surge in business spending plans in October and a drop in new applications for unemployment benefits last week. It is time to end free money support which creates unwanted bubbles and risk globally. IT IS SIMPLY TIME. CEO SPACE encourages a FED INTEREST RATE rising policy forward into 2016 to fuel real economic growth in all nations.
“As far as fourth-quarter GDP goes, that is likely to keep estimates close to 2 percent. That’s enough to justify a rate hike as long as next Friday’s employment report is not a disaster,” said Chris Low, chief economist at FTN Financial in New York. Although the experts keep revising after the fact REAL GNP higher. Keep in mind China is the second largest economy soon to be passed by Japan ( who will assume that role again ) and then India who will likely keep it with China being FOURTH. Also it is wise to consider China as number two is a speed bump in defense spending and economic activity compared to the USA being MOUNT EVEREST upon which the entire world depends – hence the dollar is the only SAFE and sane world receive currency standard for a basket of good reasons economically.
Russia didn’t offer its reward for the Plane Bombers in RUBLES. They offered the reward in loud and clear compelling incentives to sane Muslims in ISIS world – in US DOLLARS – for a reason. Their rhetoric to create a basket of currencies in their state controlled funny money is not fooling economists around the world for a second of time. It is foolish and what is needed now is a GRAND COALITION not a competition but a cooperation – thank you FRANCE.
The Commerce Department said consumer spending edged up 0.1 percent after a similar increase in September. That suggests consumer spending, which accounts for more than two-thirds of U.S. economic activity, has slowed from the third quarter’s brisk 3.0 percent annual pace. UP is the RIGHT direction in the mature leading world economic machine. UP. For Thanksgiving – thank you 35 million small American Business Entrepreneurs for creating all the jobs all the spending all the growth while large firms downsize at year end AGAIN as they move to automation.American leadership in INNOVATION which leads the entire world and its small business massive base is the engine of all national prosperities so the news for Thanksgiving IS GOOD and better. Because it is safe and controlled gradual growth economic expansion is widely based and as planners at the top envisioned. THE BERNIE depression avoidance shock absorbers worked – we can thank him now and we should this Thanksgiving and Marlon Paz of Locke Lord. JOB WELL DONE gentlemen. Thank you President Obama and team for holding the course from crises upon arrival to full employment at Thanksgiving.
But the economy, which expanded at a 2.1 percent pace in the third quarter, could get support from business spending at year end and into 2016 in our opinion at CEO SPACE INTERNATIONAL.
In a report just out, the Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, jumped 1.3 percent last month after rising 0.4 percent in September. More good news.
Coming on the heels of data this month showing a solid increase in manufacturing output in October, it suggested the worst of the drag from a strong dollar and deep spending cuts by energy firms was over. The market has adjusted for higher interest rates now.
Fed officials had held off raising rates at their last two meetings as they assessed the degree to which dollar strength and a slowing in economies overseas would weigh on the United States. This caution is what we want from the FED planners. Job well done team.
“The surge in core capital goods orders could be a crucial signal that this important sector of the economy may be at a turning point, further bolstering the Fed’s confidence in the sustainability of the economic recovery,” said Millan Mulraine, deputy chief U.S. economist at TD Securities in New York. We agree….
Manufacturing, which accounts for 12 percent of the economy, has been slammed by the buoyant dollar and energy sector spending cuts. The greenback has gained 18.1 percent against the currencies of the United States’ main trading partners since June 2014.
The relevant conclusion here – is that the dollar is by far the strongest safe haven currency for world trade with more and more nations basing trade on dollars and in dollars with resolve for the future future. All at ZERO INTEREST. Trillions will buy dollars as Fed interest rises making the dollar even STRONGER. In the world war Iii that is digital attacks on our market – we are winning that war. Now.
The pace of appreciation, however, is gradually slowing. Economists also believe that the bulk of spending cuts by oil field firms like Schlumberger (SLB.N) in response to lower crude prices have already been implemented. A turn around in production can be raised so rapidly now that matching supply to demands in a world drowning in oil is more controlled. Market rate oil price ( THE COST OF EVERYTHING ) being restored from the hidden tax of speculation prices by dark pool and shadow bank greedy speculators who manipulate prices – has been broken with trillions lost by the criminal speculators. Again JOB Well DONE by the world suppliers and governments who broke the speculation. With the cost of everything returning to market rates the power to grow economics globally soars. It SOARS in 2016.
U.S. Treasury debt prices rose modestly, while the dollar hit an eight-month high against a basket of currencies. U.S. stocks were flat. Historic bull markets don’t last this long and the markets know a correction must take place, some bear periods always follow before the next bull roars. This reality is now controlled and moderated thanks to world planners winning. Job well done given the cooperation that is working and the competition which is being REPLACED. Job well done again.
Economists say rising rents and medical costs are diverting money from discretionary spending. While consumer sentiment increased in November from October, households continued to fret over their financial prospects, another report showed. Attitude and confidence will in our opinion follow a few Fed raises to interest and the market realities which will be positive over all and sane. Free money is over and market rates secure rather than threaten economic solid ground. What a journey.
But as the labor market continues to tighten, there is optimism that wage growth will pick up and encourage consumers to loosen their purse strings and boost spending. Many reports show a rising wage gap from Wal Mart to small business is now entrenched and growing as it should and as it must.
A fourth report from the Labor Department showed first-time applications for state unemployment benefits declined 12,000 to a seasonally adjusted 260,000 for the week ended Nov. 21. Claims have now held below the 300,000 threshold for 38 consecutive weeks now, the longest stretch in years, and are near levels last seen in 1973. What nice do you require world markets to BE THANKFUL on THANKSGIVING.
Strengthening labor market conditions are gradually lifting income. This is so much MORE sustainable than rapidly lifting income – hats off again to planning teams at state and nation globally. You getting it RIGHT as we move from competitive capitalism which has failed into cooperative capitalism which is booming. The Commerce Department said personal income increased 0.4 percent last month after rising 0.2 percent in September. Wages and salaries shot up 0.6 percent, the largest gain since May.
Savings increased to $761.9 billion, the highest level since December 2012, from $722.9 billion in September. Higher savings could over time buoy consumer spending.
There was still no sign of inflation, which has persistently run below the Federal Reserve’s 2 percent target. Make no mistake we want to replace DEFLATION globally with INFLATION world wide and we want to do it gradually and in a controlled model which is also for the first time really working. Our global teams ARE getting cooperative capitalism RIGHT from Greece to Russia as the community of nations begins to focus on WHAT IS THE SAME ABOUT US celebrating THAT and refusing to focus attention on what is different about us all as we give up punishing our differences to celebrate all diversity planet wide. Which is the future we believe at CEO SPACE INTERNATIONAL the worlds largest entrepreneur community.
I just completed a global POD CASTE for Jill Lublin best selling author and PR expert – which if you go to her web site you can download FREE. Its a Holiday upbeat for everyone.
A price index for consumer spending rose 0.2 percent in the 12 months through October after a similar rise in September. Deflation is being slaughtered by these numbers restoring sanity to global markets without the unwanted SPECULATION which is itself illegal actually.
Excluding food and energy, the personal consumption expenditures price index was up 1.3 percent for the 10th straight month. Job well done planners.
In another report, the Commerce Department said new homes sales jumped 10.7 percent in October, which could allay concerns of a significant slowdown in housing.
It just can’t get better before the Thanksgiving and global Holidays everyone. Celebrate the good news – as it is really GOOD NEWS.