The September ISM index came in at 47.8, the lowest reading since March of 2009.  A reading below 50 indicates that the economy is contracting.  From the linked WSJ article:

The global manufacturing slowdown worsened in September, and trade flows are set to grow this year at the weakest pace since the financial crisis as tariffs rise and the global economy cools. U.S. factory activity contracted for the second straight month, the Institute for Supply Management said Tuesday. Its U.S. manufacturing index fell to 47.8 in September from 49.1 in August. The reading is the lowest since June 2009 and represents a continuation of the slowdown seen in August, when the index contracted for the first time since August 2016. Surveys of purchasing managers in Europe and Asia released Tuesday pointed to deepening declines in factory activity in September, as a slowdown in exports hit factories. Slowing economic growth has prompted a wave of central bank stimulus measures around the world, including from the Federal Reserve and the European Central Bank. The latest effort came Tuesday, when the Reserve Bank of Australia cut its key interest rate for the third time this year.

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How about some good economic news

by Laura Ehrenberg-Chesler on August 22, 2019 in Earnings

A number of retail stores have reported earnings for the 2nd quarter of 2019, and they are good. This morning, Ed Yardeni explains what this means for the economy. ” Consumer spending, looked at from many different angles, still looks healthy. Consumers are spending at Walmart and at Target. They’re spending at restaurants and hotels. […]

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Capital One Data Breach

by Marilou Moursund on July 31, 2019 in Banks

Capital One just announced that 100 million customers in the U.S. and 6 million in Canada had their personal information stolen. From the linked WSJ article: In this latest massive consumer-data breach, a hacker accessed the personal information of 100 million Capital One credit-card customers and applicants in the U.S. and six million in Canada. The breach […]

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Possible Good News for China Trade Talks

by Marilou Moursund on June 12, 2019 in Foreign Markets

The New York Times is reporting that China has been beefing up its trade negotiations team. This could indicate that they are more willing to work with the U.S. to come up with a compromise trade deal. From the linked article: BEIJING — Two weeks before talks between the United States and China broke down, […]

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Good News for Veterans on D-Day

by Laura Ehrenberg-Chesler on June 6, 2019 in Healthcare

From USA Today: “Veterans will have expanded access to medical care outside Department of Veterans Affairs facilities beginning Thursday under a law signed by President Donald Trump last year and touted as a major achievement by Trump on the campaign trail. Rules established under the law and published Wednesday in the Federal Register say the VA […]

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The Market Falls Again on Trade Worries

by Marilou Moursund on May 9, 2019 in equity market

After a quiet day yesterday, the market is again falling on the possibility of a protracted trade war with China. From the linked CNBC article: Stocks steadied Wednesday after two days of brutal selling that particularly slammed companies and sectors with exposure to China, like Caterpillar and the semiconductor industry. The market lost its gains late in […]

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China’s Xi discusses Reforms

by Laura Ehrenberg-Chesler on April 26, 2019 in Foreign Markets

CNBC reported today that China’s Xi Jinping spent a good portion of his speech about global trade talking about reforming his country’s approach on this issue. “Instead of focusing solely on his signature investment initiative, Chinese President Xi Jinping spent a good portion of a speech at the Friday opening ceremony of China’s Belt and […]

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Social Security…..Americans should save more

by Laura Ehrenberg-Chesler on April 23, 2019 in lifestyle

From today’s WSJ: “The Social Security program’s costs will exceed its income in 2020 for the first time since 1982—two years later than officials projected last year—forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. But by 2035, those reserves will be depleted and Social Security will no longer […]

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Mice and Aging

by Laura Ehrenberg-Chesler on March 27, 2019 in lifestyle

In today’s “Wall Street Journal” there is a fascinating article on the importance of mice to the research of aging. Grace and Blanche, two old mice who were second cousins, reached relative fame before dying within months of each other at their home in Bar Harbor, Maine. Known fondly as the Golden Girls at Jackson […]

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Learning a New Trick from my Old Dog: Friendship- from the WSJ

by Laura Ehrenberg-Chesler on March 18, 2019 in lifestyle

As a dog lover, I really enjoyed Dave Barry’s essay today in the Wall Street Journal about learning to be more open like his dog. From the linked article: I turned 70 in the same year that my dog, Lucy, turned 10—or, in dog years, 70. So we’re basically at the same stage of life, […]

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