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connecticut (24)

July 2017 Connecticut Sentiment Index

The July Connecticut Sentiment Index barely budged from its June level, inching from 57.7 to 57.9.  By contrast the University of Michigan Survey of Consumer Sentiment Index declined (-2.1%) between June and July. Survey of Consumers chief economist Richard Curtin attributes the decline primarily to fading expectations of a continued Trump bump.  Recall that the Michigan Survey is a…

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Sports Betting: Match Made in Heaven?

Betting on sports has become an increasingly controversial subject. The state of fantasy sports and gambling through these ventures has changed over the past few decades, increasingly so in the past few years. States are beginning to change their laws on this gambling, leading to questions arising from supporters and opposition alike.
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February Connecticut Sentiment Index

The Connecticut Sentiment Index turned UP 2.8 percent for the month of February.  I ran the scrape on February 16 during the day – a day later than when I usually run it (I usually run the scrape on the 15th of every month in the evening).  I’ve been having computer failure and assorted software snafus.  As a result, this was a more limited run, scraping news outlets for the most part and no blogs this time. …

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January 2016 Connecticut Sentiment Index

Off into the new year with a dip in the state's sentiment index.  It's down 1.6 percent; but that's after the whopping 14+ percent we hit in December.  What could be behind the turn south?  uummm.  lemeeseeeee.  its on the tip of my tongue...  its something general ... don't tell me, don't tell me... it is...  ive almost got it .......... Oh well, it will come to me later. After all its on EVERY…

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October 2015 Connecticut Sentiment Index

As you can see from the accompanying graph the Connecticut Sentiment Index (CSI) has us holding steady at best and a slight, slight downwards tip at worst.  The drop is 0.8 of a percent (80 basis points).  The Michigan Survey of Consumers – which was released today (October 16) – reports an upwards bounce of 5.6 percent. …

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September 2015 Connecticut Sentiment Index

The Connecticut Sentiment Index registered a drop of 4 percent (-4%) from mid-month August.  The Michigan Index of Consumer Sentiment – which gauges the nation, showed a decline as well albeit slightly greater than ours; they dropped 6.7 percent (-6.7%).  Richard Curtin – the Survey of Consumers Chief Economist attributes the drop to the anticipated global slowdown and the forever-in-materializing growth in wages and jobs (…

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The July 2015 Connecticut Sentiment Index

The Sentiment Index continues steadily apace in the land of steady habits.  The Index increased a mere 3 percent between June to July.  Frankly, i had expected a decline as a result of the Sikorsky sale and possible exodus of jobs.  I'm going to argue that the slight increase is a result of the triple-pronged effect of putting the Greek saga to rest (for awhile, at least), the seeming resolution of the Iranian ordeal and the…

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the June 2015 Consumer Sentiment Index

As you can see, the Index turned slightly downwards (-4%); and probably too slight a change to conclude that it may not be noise.  But frankly, I was anticipating a massive, noticeable decline given the anti-business rhetoric associated with the recent budget emanating from Hartford (I posted a comment on the ominous punisher-budget-bad-demographics clouds gathering; read it…

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the world of munch

You know folks: I fear a lot of things.  But lately, appraising the economic fortunes of Connecticut, of UNH, I feel like the guy in the Munch painting. 

 Let’s mosaically analyze this thing; here are the pieces.

 1. Here is the graph that Levanon and Paterra posted in their blog at the Conference Board.  Their focus was on the size of the labor force (18-64 year…

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the April Connecticut Sentiment Index

Sentiment appears to have bounced back well into positive territory.  A tad counterintuitive; today is the deadline for filing taxes - both federal and state.  I cannot imagine anyone being too positive about doling out taxes.  The other trending event today across the state was the verdict in the Aaron Hernandez matter; justice was served but i doubt many are too keen on the dramatic fall from grace of a native son. 

The index…

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It’s perhaps the right moment to talk about the pitfalls of forecasting – having just lived through a barrage of blizzards and whatnots. We’ve seen the weather folks’ prediction range from blowing-it (I couldn’t resist the pun) to being exactly on the money. The first storm in this series (late January ??) seems so long ago now – and it turned out to what can best be described as annoying - but what the histrionics-prone weather-folk at WTNH were gleefully calling…

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