* Leading Indicators, inched up .1% trying to suggest that the economy will not officially dip into a recession.(Monday)
* Producer Price Index .2% increase seems tame following the 1.1% surge last month. (Tuesday)
* FOMC Meeting Minutes the Fed lowered it’s forecast for economic growth and indicated … (1 comments)
Housing Market Update For April 2008 - 05/23/08 01:17 AM
Here is the report for April and as you can see sales can vary greatly by area.
One thing is clear, however, money is still tight and sales are down. Latest forecasts have the turnaround starting later this year and into 2009. The recovery does hinge on access to loans and … (0 comments)
* Retail Sales - down .2%, less autos it was up .5% which was unexpected. Business Inventories- up .1% reflecting that fact that most businesses are trying to keep inventories low during the slow down. (Tuesday)
* Consumer Price Index - up .2% which was much better than expected, … (0 comments)
The Economic Week In Review - 05/12/08 01:22 AM
* Pending Homes Index fell 1% in March and is looking to be coming in at 20% year over year declines. Again the real story is when you look at specific markets. For example the Northeast did better, up 12.5%, so these numbers are somewhat meaningless unless you are looking for … (0 comments)
The Economic Week In Review - 05/02/08 06:31 PM
Consumer Confidence fell from 65.9 to 62.3, lowest level since early 90’s.(Tuesday) FOMC Announcement-Fed lowered interest rates by .25%, to 2%. ,NAPM Chicago Index came in at 48.3. The report also showed that increasing costs of raw … (0 comments)
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