ITR in the Media: Featured in this month's Production Machining
Submitted by Anonymous on Thu, 04/30/2015 - 15:06
ITR Economics' CEO Brian Beaulieu recently gave the keynote presentation at PMPA’s (Precision Machined Products Association) Management Update Conference. At the conference, Brian provided the attendees with an 11-point list of objectives to ensure preparedness and success in 2015-2018. What did Brian share with the attendees, and what does it mean for your business?
Brian & Alan Beaulieu on how to enhance confidence, reduce risk, and profit from today’s economic trends Where and When: June 19, 2015 | Palmer House Hilton - Chicago IL The 2015 ITR Economic Trends Summit will provide attendees with an understanding of the economic trends they will have to contend with, and profit from, through 2016. Click here for more info: http://itreconomics.com/2015-itr-economic-trends-summit
ITR Economics 2014 Forecasts Show 98% Accurate Rating
Submitted by Alan Beaulieu on Thu, 01/08/2015 - 11:31
Each year, ITR Economics generates forecasts based on our analysis of current trend probabilities, leading indicator input, news/market observations and their likely impact on trends, and our unique business cycle theories. Our mission is to maintain a minimum 94% forecast accuracy looking twelve months into the future. We are proud to announce that our 2014 Forecasts averaged 98% accuracy.
Submitted by Alan Beaulieu on Thu, 12/18/2014 - 13:26
We have discussed falling oil prices in our ITR Trends Report and in a previous blog. A stronger dollar is one of the factors that have made cheaper oil possible. This has been a boon to consumers and businesses as both transportation and heating costs have eased. However, there is another side to the coin, and that is a stronger dollar can have a negative impact on exports.
Submitted by Alan Beaulieu on Wed, 12/10/2014 - 15:36
The International Monetary Fund announced that China’s economy is now bigger than the US economy. This illusion is created using Purchasing Power Parity (PPP). It is used by some folks to measure economic activity like income or how much a Big Mac costs from one country to the next. It is being talked about like it is universally accepted and the best rule to use in comparing the US and China. We would submit that it is not the best tool in this case. PPP has value when looking at insulated, mostly self-contained economies.
What do today's lower energy prices mean for the US Economy?
Submitted by Alan Beaulieu on Wed, 12/03/2014 - 17:11
NYMEX WTI Crude Oil is cruising at $66.73 as this is written. ITR Economics had not expected the continued fall in oil prices and we shall be revising our forecast before long. However, for the moment we are going to take a wait-and-see approach as global producers weigh their next moves.
Submitted by Alan Beaulieu on Thu, 10/23/2014 - 10:16
Federal Reserve Board Chair Janet Yellen commented on what she said was widening economic inequality in the US. She noted that since 1989 average income in the top 5% of households rose 38% while the remaining 95% saw income grow by less than 10%. She stated that there is also a net worth gap. Her remarks made it plain that she feels there is an inequality in opportunity and that four areas that would help would be: 1) early childhood education, 2) affordable higher education, 3) business ownership, and 4) inheritances.
Submitted by Brian Beaulieu on Thu, 10/16/2014 - 15:42
The S&P500 is down 7.5% from the September 18, 2014 high. The price trend online, in the newspapers, etc., looks awesome in a macabre way. What to think about the decline and how much further it might last are worthwhile questions. The former being a lot easier in our opinion than the latter.
Submitted by Brian Beaulieu on Thu, 10/16/2014 - 15:35
Retail Sales for September made headlines for coming in below August and disappointing some economists. We aren’t among those disappointed soothsayers.
Retail Sales for September were down from August by 6.8%. The month-to-month decline is milder than each of the last two years and milder than the 7.3% average decline posted over the last 10 years. The overall seasonal rise in Retail Sales since the first-quarter seasonal low is the strongest since 2005. Nothing to quibble about with that stat either!