Monday: February Industrial Production
Wednesday: February Consumer Price Index, February Housing Starts
Thursday: Weekly initial jobless claims, February Leading Economic Indicators
Larson note: Last week was interesting to say the least. Big banks posting not just profits, but grossly huge profits, make me sick. I sit back and wonder why am I, as a tax payer and devout capitalist paying to let them take the bad decisions off their books and put it on mine or in this case the government. And as for the “Bad Bank” theory to collect all the bad loans into one big messy government controlled bank? Where did these “experts” come from? Did they get their MBA’s from some online college mill for $50 bucks? And yes I’ll debate the merits of the idea. As I have often asked over these last 3 months, will the government be willing to take the $3,400.00 in uncollectable that my company picked up last year. Or should I ask, would I be willing to accept the government’s control if I took their bail out money? I think not.
We also saw a narrowing of the gap in the trade gap between imports to exports. This is a total economic shifting and not a structural one. The US still needs to rely on foreign produced goods and services. When things get back to normal the trade gap will come back.
As for this week, I would expect good things, maybe not as good as last week but good none the less. Industrial production is starting to shift around and the leading indicators well they are close to bottoming out if they have not all ready done so.
Larson & Associates posted gross sales for February 2009 61.6% higher than February 2008 with a March projection in sales to be at least the same in not higher. Want the same results? Call us.
Trade show schedule: Design 2 Part Job Shop Show, Schaumburg IL May 5&6, Time slots still available to meet over coffee.
Racing schedule: Palatine Invite Alumni 1 mile run Saturday April 24, Madison Marathon Sunday May 24th.
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