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February CT Sentiment Index

This one was expected.  The largest decline in the CT sentiment index ever (-7.55 percent).  It comes while photos and news coverage of the Florida high-school shooting are still on the front pages of all the local papers.  And the stock market shenanigans last week frazzled folks – although there was practically no negative coverage of the stock market today.  Here is the side by side comparison of the changes in the CT Sentiment Index to the changes in the…

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As we look to data...Perception vs. Reality

I feel comfortable with numbers and data.  But, as I look for trends, I need to ask myself, how much of my assessment is due to personal bias?  Do I see what I want to see?  or do I see the "real picture?"  On what do I base my decision making--perception or reality?

From Bloomberg News Tues, 2/13/18:  Five Things to Start Your Day.

The latest NFIB survey came out this morning, and a record number of small business owners in the U.S. are saying that now is a good time to expand.…

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China

An article in economist describes the president of China, Xi Jinping, as one of the most powerful men in the world. He is not only probably the most powerful leader who China ever had, but also powerful in the world since Xi Jinping is a dominant engine of global growth and his country is the second largest economy and power after the USA.

President Xi has the world largest stockpile of foreign currencies. His investments are not…

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Brexit

This presentation feature a breakdown of the EU and the current situations of the UK's exit. The impacts on the economy, trade, currency and society are also record.
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January CT Sentiment Index

Let me show you the results of today’s scrape and then some musings on its interpretation. First our results alongside the Michigan Consumer Sentiment Index results.  The Michigan Index was published today. The presentation is slightly different from before.  It is different in the sense that I rebased both indexes – the CT Sentiment Index and the Michigan Consumer Sentiment Index to equal 100 in June…

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          Target just agreed to buy Shipt Inc., which is a grocery-delivery startup, for $550 million. Shipt will allow customers to order groceries, home good items and electronics online, have a ‘shopper’ get the items, and have them delivered directly to their doors in the same day. This service will cost customers $99 a year, in which they will get unlimited deliveries. This purchase of Shipt is another attempt by Target to meet the same-day delivery demands of customers and to challenge…

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In anticipation of today’s and tomorrow’s FED meeting, late last week two sections of Principles of Macroeconomics examined previously announced interest rate decisions and current data, forecasts,  and news reports in order to predict the outcome from this meeting.  After thoughtful analysis by the students, some of which will be reported in due course on the Collective, the results, in the aggregate, are as follows:…

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the likelihood of an employment downturn in Connecticut

How grim is the economic outlook in Connecticut?  There is a tell within the question.  Notice I didn’t ask whether the outlook will be grim; rather, ‘tis a question of how badly things are looking for us right now.   It’s a multi-pronged whammy.  The tax code revamp; it’s not clear what will be the net impact on CT – but the preliminary assessments are not pretty.  Ana Radelat in the December 7 edition of the CT Mirror describes a state afflicted by…

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Bitcoin futures set to begin

Most of us have seen Bitcoin in the news in recent weeks, particularly in regards to its value and how high its future price is set to go. Bitcoin closed trading this past week at a almost $15,000 per coin while it was just over $950 a year ago. This tremendous growth has been unprecedented and investors are flocking to the opportunity to make a return. 

As of December 11th, investors are now able to purchase future contracts on Bitcoin in a move approved by the Chicago…

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Lyft's self-driving car trips

Lyft is now testing a self-driving car in Boston's Seaport district, which is a growing tech hub. Riders will randomly be paired with one of the NuTobomy's self-driving when using the app in the Seaport area, NuTobomy is an startup out of MIT. If this works out what happens to UBer? If Lyft expands even more what happens to UBer? With all the scandals going on with Uber, Lyft has an clear path to take over.…

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Russia Banned From Winter Olympics by IOC

Russia's Olympic team has been banned form the 2018 Winter Games in Pyeongchang, South Korea. Russia's government officials are forbidden to attend, it's flag will not be displayed at the opening ceremony and the country's anthem will not be played. Athletes from Russia who receive special dispensation to compete will do so, but they have to wear a neutral uniform. Russian NHL player Alex Ovechkin hopes all athletes who can compete will do so individually.…

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Authorities said,  An apparent shoplifting incident at a Miami store parking lot Wednesday left a police officer with a gunshot wound and a second person dead. 

Manuel Gonzalez was working an off-duty detail in uniform to provide security at a Walmart when he confronted the shoplifting suspect, Miami-Dade Police Director Juan Perez said at a news conference. Gonzalez and David Facen exchanged shots at close range and the officer was struck multiple times, Perez…

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The article talks about a new bill, the Concealed Carry Reciprocity Act, just passed this week by the House, which requires each state to honor a concealed carry permit issued by another state as long as concealed weapons are allowed in that state, regardless of what could possibly be lower standards or no permit requirements for the permit holder from her/his state residence.

In light of recent mass shootings that have claimed a…

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