Posts filed under “Digital Media”
I find this data point from the BLS rather intriguing:
In 2001, the ratio of spending on residential phone services to spending on cellular phone services was greater than 3 to 1. In 2007, cellular phone expenditures accounted for 55 percent of total telephone expenditures compared to 43 percent for residential phone expenditures.
Data from the Bureau of Labor Statistics’ Consumer Expenditure Survey (CE) show that cellular phone expenditures increased rapidly from 2001 through 2007. Cellular phone expenditures surpassed spending on residential landline phone services beginning in 2007. Chart 1 shows that annual expenditures for cellular phone services per consumer unit increased from $210 in 2001 to $608 in 2007, an increase of 190 percent. Expenditures for residential phone services per consumer unit decreased from $686 to $482 over that period, a decrease of 30 percent.
Peter Boockvar writes: The Jan ISM mfr’g # surprised to the upside at 35.6 vs forecasts of 32.5 and is up from a revised 32.9 in Dec which was the lowest since 1980. New Orders were a main contributor as it rose 10 pts from its extremely depressed reading of 23.1 in Dec. Backlogs also…Read More
Trader’s Narrative writes: I know that the IPO market activity is a contrarian indicator for the stock market but this is ridiculous! The present public issuance market is the worst we’ve seen since the vicious bear market of the 1970’s. The last IPO to grace us was Grand Canyon Education (LOPE) back in November 20th,…Read More
> My fishing pal and eel skinner Martin Barnes writes: The Conference Board’s leading economic indicator (LEI) ticked up in December, but we do not view this as the beginning of a sustained economic recovery. The tick up in the LEI was mainly due to the large positive contribution from real money supply and the…Read More
click for interactive map > Source: Some States’ Jobless Rates Top 10% JEFF BATER WSJ, JANUARY 27, 2009, 5:24 P.M. ET http://online.wsj.com/article/SB123307958229020395.html See also: First Quarter Layoffs: Selection of Job Cuts by Major Companies http://blogs.wsj.com/economics/2009/01/08/first-quarter-layoffs-selection-of-job-cuts-by-major-companies/