Manufacturing Rebound in January

Finally, some good news. It looks like January was a relatively good month for manufacturing as the Index from the Institute of Supply Management rose above 50 to 50.7. 50 is considered an expansion. Perhaps this is related to the dive in the United States Dollar which makes the US exports less expensive and imports more expensive. Bottom line: U.S. products are on "sale" relative to the rest of the world.

Home construction continues to fall; absolutely no surprise.