Thursday, January 24, 2013

Economic Indicators for 2013


"McDonald's Issues Cautious Forecast" by Julia Jargon The Wall Street Journal p. B4

[Excerpted] McDonald's Corp.'s fourth-quarter earnings beat expectations, reversing two quarters of misses, but the world's largest restaurant chain said it expects tough times ahead...

McDonald's said it expects Jan same-store sales to be down as global economic uncertainty continues" [end excerpt]

Other headlines:

"Siemens Signals Looming Woes" WSJ Jan 24, 2012 p. B4

[excerpted] orders received fell 3.3% to 19.14 billion, signalling a possible decline in revenue in coming months" [end]


"Apple's Magic Wears Think as its Earnings Disappoint" WSJ Jan 24, p. A1.

Majia here: There is a trend here. There are exceptions however to downward expectations.

New auto sales are expected to rise http://www.calculatedriskblog.com/2013/01/forecast-solid-auto-sales-in-january.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29

And Edward Harrison of Calculated Risk expects job gains to continue, not contract.http://www.creditwritedowns.com/2013/01/us-initial-jobless-claims-are-consistent-with-gdp-growth.html?utm_source=rss&utm_medium=rss&utm_campaign=us-initial-jobless-claims-are-consistent-with-gdp-growth

Unfortunately, as I've commented upon many times, new job growth tends to be in low-wage, part-time positions without benefits.

2013 promises to be more of the same gradual, post-recession decline in living standards unless some "black swan" event occurs.


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