Tag Archives: board

Conference board report on us economic indicators

The Conference Board Composite Indices are released periodically on a monthly basis by the Conference Board. The non-profit organization has been existence for the past 90 years and their indices have greatly valued by businesspersons around the globe for their relevance in presenting and predicting market dynamics. The data used for computing the indices for February is collected up to 12.00pm of 18th March 2009. Composite Indices are computed via five steps which include: monthly data are calculated for every component of the Composite index, any changes are incorporated to compute growth rates, monthly volatilities are ascertained, indices are calculated using symmetric change formula and rebased to an average of 100 using 2004 as the base year (Conference Board, 2009).

Review of the Composite Indices
1. The Conference Board Leading Economic Index (LEI)

The LEI decreased by 0.4% this February after having dropped by 0.1 % in both January 2009 and December 2008.  The leading economic index for February is 98.5(2004=100) against 99.5(2004=100) for January 2009 a one point decline over the period. From August 2008 to February 2009, the LEI dropped by 2.1% compared to a 1.6% decline during the six months to August 2008. This declining trend began way back in July 2007 few months before the beginning of recession.

The Conference Board Coincident Economic Index (CEI)

The CEI index fell further this February by 0.4% after declining by 0.6% and 0.7 % in January 2009 and December 2008 respectively. The February Coincidence Economic Index stood at 102.5(2004=100) down from 103.3(2004=100) in January recording a 0.8 decline. The CEI index had declined by 0.5 % both in November and December 2008 and dropped by 2.7% in the six months to January making the biggest since 1975.  This negative recording was necessitated by the decreasing industrial production and the falling unemployment across all sectors in the US economy.  The CEI index has been falling from November 2007 but accelerated in the past few months.

The Conference Board Lagging Economic Index(LAG)

The LAG further declined by 0.4% this February after falling by 0.3% and 0.1% in January 2009 and December 2008 respectively. The Lagging Economic Index also decreased from 113.9(2004=100) in January 2009 by 0.4 points to 113.5 (2004=100) this February. The LAG index had dropped by 0.3 % and 0.1% in January 2009 and December 2008 respectively (Conference Board, 2009).

Analysis of the US Composite Indices Components
1. Analysis of Leading Economic Index (LEI) components

Six out of ten components that make up the Leading Economic Index (LEI) increased in the month of February according to the Conference Board release on March 19th 2009.  The positive contributors in decreasing order are: the vendor performance measured by an index of supplier deliveries remained at 0.0677, similarly with building permits measured by new units of private housing stood at 0.0270, money supply measured by M2 at 0.3580 , manufactures’ new orders stood at 0.0774 for consumer goods and materials while that for non-defense capital goods is 0.0180. Whereas the four negative contributors in decreasing order are: the average weekly initial claims for unemployment insurance for February is 0.0307, the stock prices which stood measured by 500 common stocks stood at 0.0390, consumer expectations index is 0.0282 and lastly the average weekly manufacturing hours stood at 0.2549 (Conference Board, 2009)

2.  Analysis of Coincident Economic Index (CEI) Components

The CEI index is measured by four components. Two of these components contributed marginally to index namely; the personal income less transfer payments which stood at 0.1873 and the manufacturing and trade sales was 0.1191 for February and March. The negative contributors for February are the employees on non-agricultural payrolls and industrial production which were 0.5439 and 0.1497 respectively (Conference Board, 2009).

Analysis of Lagging Economic Index Components(LAGG)

The Lagging Economic Index is measured by seven components and for February 2009 the index had only one positive contributor, the consumer installment credit to personal income ratio which stood at 0.1872. Negative contributor’s value for commercial and industrial loans was 0.1127; labor cost per unit of output was 0.0608 while the Consumer Price Index for services was 0.1959.  The following components remained the same for February: average prime rate, manufacturing and trade inventories to sales ratio and the average duration of unemployment stood at 0.2825, 0.1238 and 0.0371 respectively (Conference Board, 2009).

Conclusions

Though the LEI recorded a decline this February, a closer look at the component reveals that they more or less balanced out. The market seems to be volatile enough as the credit crunch bites the economy.  Going by this index, we are likely to continue in the recession in the next financial year a time when prospects for expedited economic growth may not be forthcoming perhaps until 2010.

The author is associated with Original Research Papers. The author will assist you with Best Research Paper Writers.

Conference board report on us economic indicators

The Conference Board Composite Indices are released periodically on a monthly basis by the Conference Board. The non-profit organization has been existence for the past 90 years and their indices have greatly valued by businesspersons around the globe for their relevance in presenting and predicting market dynamics. The data used for computing the indices for February is collected up to 12.00pm of 18th March 2009. Composite Indices are computed via five steps which include: monthly data are calculated for every component of the Composite index, any changes are incorporated to compute growth rates, monthly volatilities are ascertained, indices are calculated using symmetric change formula and rebased to an average of 100 using 2004 as the base year (Conference Board, 2009).

Review of the Composite Indices
1. The Conference Board Leading Economic Index (LEI)

The LEI decreased by 0.4% this February after having dropped by 0.1 % in both January 2009 and December 2008.  The leading economic index for February is 98.5(2004=100) against 99.5(2004=100) for January 2009 a one point decline over the period. From August 2008 to February 2009, the LEI dropped by 2.1% compared to a 1.6% decline during the six months to August 2008. This declining trend began way back in July 2007 few months before the beginning of recession.

The Conference Board Coincident Economic Index (CEI)

The CEI index fell further this February by 0.4% after declining by 0.6% and 0.7 % in January 2009 and December 2008 respectively. The February Coincidence Economic Index stood at 102.5(2004=100) down from 103.3(2004=100) in January recording a 0.8 decline. The CEI index had declined by 0.5 % both in November and December 2008 and dropped by 2.7% in the six months to January making the biggest since 1975.  This negative recording was necessitated by the decreasing industrial production and the falling unemployment across all sectors in the US economy.  The CEI index has been falling from November 2007 but accelerated in the past few months.

The Conference Board Lagging Economic Index(LAG)

The LAG further declined by 0.4% this February after falling by 0.3% and 0.1% in January 2009 and December 2008 respectively. The Lagging Economic Index also decreased from 113.9(2004=100) in January 2009 by 0.4 points to 113.5 (2004=100) this February. The LAG index had dropped by 0.3 % and 0.1% in January 2009 and December 2008 respectively (Conference Board, 2009).

Analysis of the US Composite Indices Components
1. Analysis of Leading Economic Index (LEI) components

Six out of ten components that make up the Leading Economic Index (LEI) increased in the month of February according to the Conference Board release on March 19th 2009.  The positive contributors in decreasing order are: the vendor performance measured by an index of supplier deliveries remained at 0.0677, similarly with building permits measured by new units of private housing stood at 0.0270, money supply measured by M2 at 0.3580 , manufactures’ new orders stood at 0.0774 for consumer goods and materials while that for non-defense capital goods is 0.0180. Whereas the four negative contributors in decreasing order are: the average weekly initial claims for unemployment insurance for February is 0.0307, the stock prices which stood measured by 500 common stocks stood at 0.0390, consumer expectations index is 0.0282 and lastly the average weekly manufacturing hours stood at 0.2549 (Conference Board, 2009)

2.  Analysis of Coincident Economic Index (CEI) Components

The CEI index is measured by four components. Two of these components contributed marginally to index namely; the personal income less transfer payments which stood at 0.1873 and the manufacturing and trade sales was 0.1191 for February and March. The negative contributors for February are the employees on non-agricultural payrolls and industrial production which were 0.5439 and 0.1497 respectively (Conference Board, 2009).

Analysis of Lagging Economic Index Components(LAGG)

The Lagging Economic Index is measured by seven components and for February 2009 the index had only one positive contributor, the consumer installment credit to personal income ratio which stood at 0.1872. Negative contributor’s value for commercial and industrial loans was 0.1127; labor cost per unit of output was 0.0608 while the Consumer Price Index for services was 0.1959.  The following components remained the same for February: average prime rate, manufacturing and trade inventories to sales ratio and the average duration of unemployment stood at 0.2825, 0.1238 and 0.0371 respectively (Conference Board, 2009).

Conclusions

Though the LEI recorded a decline this February, a closer look at the component reveals that they more or less balanced out. The market seems to be volatile enough as the credit crunch bites the economy.  Going by this index, we are likely to continue in the recession in the next financial year a time when prospects for expedited economic growth may not be forthcoming perhaps until 2010.

The author is associated with Original Research Papers. The author will assist you with Best Research Paper Writers.

Bet On NASCAR With Big Names On Board

Just like the NBA and the NFL, NASCAR is also one of those sports well-loved not only by Americans but by other folks around the world as well. In fact, the National Association of Stock Car Auto Racing has presented exhibition races in countries like Australia, Canada, Mexico and Japan. However, the American crowd remains to be its biggest supporters. Proofs to the huge influence of this motorsport are the best-selling items that make up the NASCAR merchandise. You can buy these things from their official site or through other online stores or retailers. There are also those NASCAR racing schools and events. How about those NASCAR-related features in the news and in various magazines?

But what’s a great sport without some gambling involved? If you are constantly checking the NASCAR race schedule and results and are trying to read and learn several betting tips, then you must be one of the many individuals who are hooked with NASCAR betting. Almost everybody just likes to play all sorts of betting games. Why not? It’s fun. It’s exciting. Plus, you have the chance to win something, whether it’s cash or whatever is involved in your deal.

There are three known ways on how to  bet on NASCAR. One is by betting that a certain driver will win the race. The other one is by betting that a particular driver will place in the top three. The third one is by betting that a certain driver will finish higher than another driver. These details tell us that choosing the race car driver to place our bet on is pretty crucial.

This goes to show that choosing the driver to be your  bet on NASCAR is extremely important. You can take your pick from these three great names from the race track:

Tony Stewart Born as Anthony Wayne Stewart, this guy currently owns and drives the #14 Office Depot/Old Spice/Burger King Chevrolet Impala in the NASCAR Sprint Cup Series for his own team, Stewart Haas Racing. He has won titles in Indy cars and stock cars, as well as midget, sprint and USAC Silver Crown cars, giving him the recognition of “one of the finest racers of his generation.”

Jeff Gordon His achievements include being a three-time Daytona 500 winner and a four-time NASCAR Winston Cup (now Sprint Cup) Series champion. It’s also interesting to note that he is the first driver to reach $ 100 million in winnings for the Cup series in 2009. Gordon was the quickest driver to reach 50 wins as well and he has won a total of 82 career races. He drives the #24 DuPont/Pepsi/United States National Guard Chevrolet Impala.

Kurt Busch This one comes from a family of NASCAR drivers. His father and younger brother are on the same profession as he is. In 2006, when he won in the Nationwide Series, Busch became one of only 18 drivers with a win in all three of NASCAR’s top divisions: Sprint Cup Series, Nationwide Series and Camping World Truck Series.

There are different ways for you to bet on NASCAR. One is by betting that a particular driver finishes ahead against a group of drivers.

New Hampshire school board member calls for end to high school football

New Hampshire school board member calls for end to high school football
DOVER – A medical doctor who serves on the board of a New Hampshire school district wants to end the high school's football program over fears that players could suffer concussions that would lead to brain injuries later in life. Boston News, Weather …
Read more on Fox News