Economy

Starting Up After Virus Limitations

We do not know what operating conditions currently exist in our reader’s companies. We just heard the latest week’s unemployment numbers, and expect similar to be the case for the next few weeks. Eventually we’ll all start up incrementally or full bore again, but what will our world look like? Here are a few thoughts about the virus limitations, and we would greatly appreciate your comments to our blog. If you are curtailing operations, your… Read More


US Energy: Some Thoughts and Happy New Year to All!

For our first Newsletter effort of 2020 let’s start with a subject of great significance — US energy. Since one of the major advantages of US manufacturing is cheap and abundant energy, it’s an especially important subject for those of us relying on machinery. While we claim no special expertise, we believe there are several important issues to keep in mind as we move forward, and we welcome corrections/comments to our blog. President Trump reported… Read More


Good News for the Year-End

Most businesses we know are winding down for the holidays, and we wish a Happy Holidays to all.  For our final newsletter in 2019, we found a summary of the year’s manufacturing performance, which we present for your consideration.  And optimism, we hope! We use the Markit Manufacturing Purchasing Manager’s Index (PMI).  It seems as good a measure as any other, and usually there’s a concise report that gives a good explanation. A definition:  “In… Read More


Another Economic Forecast

On November 6 we attended the Barnes-Dennig (Cincinnati CPA firm focused on manufacturing) annual Manufacturing Seminar.  The presentation was “Economic Enlightment” by Dr. Alan Beaulieu of  ITR Economics.  You can further investigate ITR from the website in the above article.  ITR uses what we understand is an advanced methodology of leading indicators for delivering an accurate economic forecast.  They claim supurb accuracy, and history seems to bear them out. From the ITR website about Dr…. Read More


The Economy and Manufacturing – Healthy or Not?

Over the last few months we’ve heard concerns about the economy.  Bottom line seems to be declining a bit, but still strong.  Manufacturing, however, may be more concerning.  So what’s the story?  On 11/1 the jobs report was apparently better than anticipated, so we appear to be Ok overall.  Yet, manufacturing is our interest at Proficieint Sourcing and things seem to be slowing just a bit. We found a couple of reports that provide some evidence… Read More


Outstanding Economic Forecast! FREE EVENT

The CPA firm, Barnes Dennig, has focused on manufacturing, and has sponsored an annual Manufacturing Seminar.   This a terrific annual event, and this year’s will be on Wednesday morning, November 6, 2019.  We cannot recommend it more highly and it’s FREE.  However, if you are not on their list for attendance, the event has become so popular that to attend you need to contact Barnes Dennig directly:  https://www.barnesdennig.com/. Here’s the event’s description from the Barnes… Read More


The Real China: Read it and Weep

A friend sent us this piece by History Professor Victor Davis Hanson, and we think it’s good enough to pass along in its entirety. By: VICTOR DAVIS HANSON October 3, 2019 6:30 AM A man stands in front of riot police officers during a protest in the Sham Shui Po district of Hong Kong, China, October 1, 2019.(Athit Perawongmetha/Reuters)But did she wake up just in time or too late? In these times of near civil… Read More


Durable Goods: How Are We Doing?

We have noted a number of pessimistic economic forecasts lately, what with Brezit yes and Brexit no, not to mention Trump vs. China and the nervous Dow.  So to those in the durable goods business, how are you doing?  Please let us know via our blog. In the meantime, we looked at a number of economic websites, but who knows which of them are credible?  One of us here at Proficient Sourcing is an econ… Read More


Durable Goods and the US Economy

Last newsletter we wrote about the general state of the economy, which noted overall positive factors, but weakness in durable goods.  Since durable goods manufacturing is the area of our greatest interest, we thought we would probe further. Durable goods orders and the Institute for Supply Management’s PMI seemed like two appropriate measures for something as complex and inscrutable as economic forecasts.  We seek something useful that’s understandable by normal people. Since we’re looking at durable… Read More


How is the US Economy Doing?

Recently Larry Kudlow, Trump’s Director of the Economic Council, presented a very rosy description of the US economy.  Among other claims was that we (the US) is the best economy in the world, and where business and money wants to be.  So we wanted to know more, and looked at The Balance for more info.  We found an excellent (and BRIEF) summary, and the 6 factor highlighted are these: Jobs: A healthy economy adds 150,ooo… Read More