I work with my husband I and once bought him a crystal ball for his desk so that he could look at it and advise clients... at least I thought it was cute!
In the next few days CNBC thinks that Bernanke should lower rates based on the two sad reports that came out today. Gold is nearing $1000 an ounce, and CitiGroup is going down the drain.
We all know that the American Public is getting older... and somewhere in the back of our minds I think we also realize that the future debt for Veteran Benefits is growing at a ENORMOUS rate! I predict that we will one day be watching Social Security Benefit Fund AND the Veteran Benefit Fund as major drains on the Economy. Of course that's like 20 or 30 years down the line - so we're not really focusing on this tab right now!
We are focusing on micro Economic News that will eventually show that we are likely sitting in a recession. Now being in the mortgage business - I must confess I've always told folks I'm a bit of a masochist. Bad News for the Economy is GOOD NEW for Interest Rates - so I'm ALWAYS lookin' for more bad news!
Here's where you might find some bad news this week!
| Date | Time | Report | Impact |
| 01/15/08 | 8:30 | Retail Sales | HIGH |
| | 8:30 | Empire State Index | Moderate |
| 8:30 | Retail Sales ex-auto | HIGH |
| | 8:30 | Producer Price Index (PPI) | Moderate |
| 8:30 | Core Producer Price Index (PPI) | Moderate |
| 8:30 | Consumer Price Index (CPI) | HIGH |
| 8:30 | Core Consumer Price Index (CPI) | HIGH |
| 9:15 | Capacity Utilization | Moderate |
| | 9:15 | Industrial Production | Moderate |
| 2:00 | Beige Book | Moderate |
| 01/16/08 | 8:30 | Housing Starts | Moderate |
| 8:30 | Building Permits | Moderate |
| 8:30 | Jobless Claims (Initial) | Moderate |
| 10:30 | Crude Inventories | Moderate |
| 12:00 | Philadelphia Fed Index | HIGH |
| 10:00 | Consumer Sentiment Index (UoM) | Moderate |
| 10:00 | Index of Leading Econ Ind (LEI) | Low |
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