Commenting on the MNI Chicago Report, Philip Uglow, Chief Economist at MNI Indicators said, “The government might have shut down but Chicago area companies powered ahead in October as orders and production surged.”
“While it is a little surprising to see such a large rise in activity, the consistent increase in the Barometer over the past four months suggests the recovery is gaining traction,” he added.Calculated Risk
Chicago PMI increases sharply to 65.9
Bill McBride
The Chicago political machine is finally cleaning up South Chicago... The end of the 100 years of unemploying people by design and then helping them get social welfare programs while organizing them for political support. It was the worst, most cynical, racist democrat party ploy in the history of the country. Good riddance. Maybe the Rahm/Obama machine isn't as evil as they first appear. Cleaning up the neighborhoods, not running off industry, closing down the crack houses all good signs, I wonder what their angle is, who is making money off it. Ohh. Goldman and Blackstone and friends bought up the abandoned neighborhoods for pennies on the dollar, probably. I don't really understand how the Dems will stay in power, once it is revitalized, but god bless 'em.
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