Global Macro Perspectives
Chicago Fed National Activity Index for July was reported at 0.0 vs. June revised reading of -0.7. Chicago Fed National Activity Index 3-month moving average was at -0.17. When the CFNAI three month moving average value moves below–0.70 following a period of economic expansion, there is an increasing likelihoodthat a recession has begun. Another indicator pointing […]
U.S. railroads originated 295,948 carloads for the week ending August 13, up 7.8% compared with the same week in 2009, but down 6.6% compared with 5-year average. Week over week change was +4.0%. Chart 1. Association of American Railroads U.S. Freight Carloads Total
Number of crude oil drilling rigs rose for 19 for the week ending August 20, 2010; Number of natural gas drilling rigs fell for 7 rigs in the same time frame. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly U.S. Rig Count Chart 3. Baker Hughes Monthly World Rig Count