The Economic Week In Review..... - 11/30/07 03:33 PM
This week saw volatile trading sessions, again, with the Dow down 237 points on Monday, up 217 points on Tuesday, up 332 points on Wednesday, up 20 points on Thursday and up 60 on Friday. Concerns over credit woes continued as well as rumors of Citigroup layoffs.
Items … (0 comments)
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The Economic Week Ahead..... - 11/25/07 05:19 PM
Monday 26
3 & 6 Month Bill Auction
2 & 5 Year Note Announcement
Tuesday 27
ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.
Redbook a timely indicator … (0 comments)
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Thanksgiving and Turkey Pardons! - 11/22/07 12:19 AM
Ever wonder about turkey pardons? Well, I did and thought I would do some research on the subject.
Some think the tradition started with Abraham Lincoln pardoning his son’s pet turkey, others believe it started much later with Harry S. Truman. Although both of these versions have been referenced in many … (3 comments)
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The Economic Day In Review - 11/21/07 11:39 PM
Very volatile day again!
Some of the volatility has been blamed on Japanese currency traders who were said to be “unwinding” some positions.
Rumors continued about Countrywide possibly having to go into bankruptcy, Countrywide did come out and deny these rumors late yesterday.
Jobless Claims came in as expected but … (0 comments)
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Burbank City Council Update - 11/19/07 05:36 PM
Items of note from the last Burbank City Council meeting:
Quiet zone was established on the Metrolink Ventura Subdivision at Buena Vista Street and Vanowen crossing. Vote was unanimous.The new California building and fire codes were unanimously adopted. Because of past complaints this ordinance will change the Burbank Municipal Code … (0 comments)
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The Economic Day In Review..... - 11/19/07 04:02 PM
Well, we had quite a volatile day as the Dow closed below the psychological 13,000 mark. Dow was down 218 points and closed at 12958. Items of note:
Goldman Sachs downgraded Citigroup to a sell. Lowe’s lost 7.6% today on weak earnings.The National Association of Home Builders/Wells Fargo Index came in … (1 comments)
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Burbank, Toluca Lake And Surrounding Area Home Sales! - 11/18/07 08:07 PM
This chart includes housing data for each respective zip code listed for the October 2007 period and percent change from October 2006 levels.
As you can see from the table below, housing prices for the month have varied by area, but it’s interesting to note that the higher end of the … (1 comments)
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The Economic Week Ahead..... - 11/18/07 04:57 PM
Monday 19
Housing Market Index-Produced by the National Association of Home Builders. This is a survey which is filled out by the members of this organization and it gives their opinion of the general state of the housing market and the economy.
3 Month & 6 Month Bill Auction
Tuesday … (0 comments)
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The Economic Week In Review...... - 11/16/07 05:17 PM
This week saw volatile trading sessions , concerns over rising fuel costs and the now usual credit rumors.
Items of note:
Pending Home Sales for September increased 0.2 percent higher to 85.7. But a look at the year over year data – down 20.4 percent — tells a more meaningful story. … (0 comments)
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The Economic Week Ahead..... - 11/11/07 01:35 AM
Monday 12
US Holiday…..Veteran’s Day!
Pending Home Sales Index
Tuesday 13 ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.
Redbook a timely indicator of consumer … (0 comments)
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The Economic Week In Review.... - 11/09/07 03:52 PM
Very volatile week with lots of interesting news.
The Dow plunged 224 points after a volatile session, the S&P was down 21.07 or 1.4% and Nasdaq was down 68.06 or 2.5%. Financial stocks are under pressure again, and they are bringing down most stocks. Today both Wachovia and Fannie Mae released … (0 comments)
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The Economic Day In Review..... - 11/07/07 04:44 PM
A wave of negative news hit today....... Washington Mutual was hit by continued allegations of fraudulent appraisals. Additionally, analyst reports came out that questioned the viability of Citibank and others and indicated that banks would write down $100B in portfolio losses this year. Needless to say stocks got hammered with a … (4 comments)
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The Cyclic Nature of Real Estate, Part 2 - 11/06/07 02:53 PM
This is the second post in a series looking at the cyclic nature of real estate. This is a somewhat simplistic look into a very complicated subject and is intended to provide some context for the current and future real estate cycles.
Please keep in mind that the national statistics … (2 comments)
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Burbank City Council Update! - 11/04/07 05:12 PM
Burbank Mayor Marsha Ramos gave a positive report on the state of Burbank. In her annual State of the City address she emphasized how "robust" Burbank's economic outlook is along with with the City Council's committment to maintain a community with positive opportunities for it's residents.
Unemployment in Burbank is at 3.9%, … (1 comments)
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The Economic Week Ahead.... - 11/04/07 02:28 PM
Monday 5 ISM Non Manufacturing Survey Consensus 54 This survey consists of almost 400 firms across 60 different sectors. Analysts like to keep an eye on the business activity index of this survey as it gives an indication of economic health.
3 & 6 Month Bill Auction
Tuesday 6
ICSC-USB … (1 comments)
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Upcoming Burbank Events! - 11/03/07 01:56 AM
We have some great events coming up in Burbank!
Burbank Fine Arts Festival!
November 10 and 11 10 a.m. to 5 p.m. Enjoy great art, food, music!
Featuring over 100 award winning artists it will be the biggest festival in the San Fernando Valley! There will also be pottery wheel demonstrations, chalk artists … (2 comments)
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The Economic Week In Review..... - 11/02/07 03:50 PM
Lots of news this week……. The real world has crept back into the picture with more dark news on credit. Credit Suisse reported a big writedown in subprime.
But the bigger news was on some analysts reports on Citigroup and Bank of America. The outlook for both of these giants were … (1 comments)
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