wall street: Retail Sales with Caruso - 08/19/10 06:30 AM

Consumers Can't Carry the Economy
Recently I read about an interview The Wall Street Journal did on thirteen economists on the recent increase in Retail Sales, and here is a recap of what they had to say about retail in todays economy.
Retail sales were boosted in July by autos and gasoline - and that's mostly it. Ex-auto and gas sales dropped for the second time in three months, and had bad breadth - only 3 of 11 retail categories rose on the month (eating/drinking, non-stores, miscellaneous).
Today's retail sales report is the logical reflection of an economy having households riddled with … (2 comments)

wall street: You Can Rate the Current Economy Right Here - 12/15/09 04:10 PM

Ok my trusted economists...not one of us would like to look in the rear view mirror and remember what this economy looked like this time last year.
But let's all take a realistic look at the CURRENT ECONOMY and give it a grade.  Here is the scoring system: Remember this is a "no bubble evaluation"... rate as follows
#1 being the worst economy, and #10 being the very best (non-bubble) economy -
Where do you rate the current economy? Results will be published in one week.  My rating is #4.
And thank you for making me Your Orange County Real … (2 comments)

wall street: Welcome Back Tiger...Now Get to Work on the Economy? - 03/30/09 02:30 PM

Fear not America...the Tiger is back! And surely he will save the land.
Did you know that the stock market has dropped 42% since Tiger Woods took time off from golf for surgery?  And heaven knows the money and the luster that golf lost in Tigers absence.
Well the Tiger is back! This weekend he came from behind to rally from 5 shots down and win the Arnold Palmer Invitational by one shot and it was a long putt that did it.
Now get to work on the economy Tiger...we sure do need you.  Let's get that 42% back in … (0 comments)

wall street: Strong Finish and Stronger Start for Stocks... - 01/02/09 03:40 PM
I was happy (and somewhat surprised) to see the stock market enjoy "up days" on December 30th and 31st.  That was a long overdue, and quite late but quite welcome little rally.  And I wondered what would happen on the first trading day of the new year...
I tuned in to the financial news as I attended to my email, web site and Active Rain this morning...
Much to my surprise and delight the year on Wall Street started off in a very upbeat manner.
I think the stock market has just as much affect on the consumer sentiment as real … (4 comments)

wall street: Wall Street Fiddled While LA Burned... - 10/13/08 01:18 PM
I am trying to be happy about the rage on Wall Street today.
But here in Southern California the "devil winds" are blowing again and we have fires (serious ones) just 20 miles north of LA.
This marks one year almost to the day that we had disastrous fires in Southern California and here we go again.  We hardly get a chance to grow new vegetation before the next "fire season' starts.
So Wall Street, I'm happy...way to go today!
But, I'm gonna pay closer attention to my neighbors to the north than the market this week.  I think you all … (1 comments)

wall street: Are You a Fed Watcher? - 09/19/08 10:47 AM
Like ‘em or not, the Fed holds the strings to monetary policy and our eventual safety.  So, most people in the real estate industry watch the Fed and its moves (or lack of moves).
On September 16, 2008 most waited anxiously for the news from the Fed on their position for a rate cut, or a hold.
Wall Street seems to show its approval or displeasure by the direction of the market after the Fed announces its intentions.  And at 2:15Pm east coast time the Fed did just that.  They announced a hold position...and Wall Street reacted but how can we … (0 comments)

wall street: Look at Retail Sales to Explain a Recession... - 04/06/08 05:43 AM
Well it's been 7 months of watching real estate values and Wall Street confessions that everyone predicts will push the economy into a recession...
How about reading into retail sales as an indicator?
The March figures aren't in yet, but retail sales fell dramatically in February, indicating that declines in payrolls and home values combined with increases in fuel prices are all taking their toll on the consumer.
The consumer has stopped spending.  And it is no wonder.  Sales at the Big 3 auto makers are down.  Jobless claims are up.
It is time for people to look at other indicators besides real estate to … (1 comments)

 
Michael A. Caruso (Surterre Properties)

Michael A. Caruso

Laguna Niguel, CA

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Address: 33522 Niguel Road #100, Monarch Beach, CA, 92629

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