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Earlier: Weekly Initial Unemployment Claims increased to 281,000

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Earlier: Weekly Initial Unemployment Claims increased to 281,000

A quick graph of unemployment claims … Note: Starting with this release, the DOL is including a table of unadjusted State-level “advance”claims. The DOL reported: In the week ending June 27, the advance figure for seasonally adjusted initial claims was 281,000, an increase of 10,000 from the previous week’s unrevised level of 271,000. The...
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Wednesday: ISM Mfg, ADP Employment, Auto Sales, Construction Spending

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Wednesday: ISM Mfg, ADP Employment, Auto Sales, Construction Spending

Statement by the IMF on Greece Press Release No.15/310June 30, 2015 Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), made the following statement today regarding Greece’s financial obligations to the IMF due today: “I confirm that the SDR 1.2 billion...
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Sunday Night Futures: Greece and Puerto Rico

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Sunday Night Futures: Greece and Puerto Rico

From the NY Times: Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’ Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly billion in debts, an admission that will...
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June NFP: Merrill and Nomura Forecasts

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June NFP: Merrill and Nomura Forecasts

The June employment report will be released on Thursday, July 2nd. Here are a couple of forecasts: From Nomura: e forecast a 230k increase in private payrolls, with a 5k increase in government jobs, implying that total nonfarm payrolls will gain 235k. We forecast...
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Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in May

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Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in May

Thursday:• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to increase to 273 thousand from 267 thousand. • At 8:30 AM, Personal Income and Outlays for May. The consensus is for a 0.4% increase...
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Tuesday: New Home Sales, Durable Goods and More

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Tuesday: New Home Sales, Durable Goods and More

Update on Greece, from the WSJ: Greek Bailout Proposals Lift Hopes of Deal From the Financial Times: Painful reality — creditors will support Greece in any case Hopefully a deal will be reached. Tuesday:• At 8:30 AM ET, Durable Goods Orders for May from...
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Schedule for Week of June 21, 2015

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Schedule for Week of June 21, 2015

The key reports this week are May New Home sales on Tuesday, the 3rd estimate of Q1 GDP on Wednesday, and May Existing Home Sales on Monday. For manufacturing, the May Richmond and Kansas City Fed surveys will be released this week. —– Monday,...
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Key Measures Show Low Inflation in May

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Key Measures Show Low Inflation in May

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.2% annualized rate) in May. The 16% trimmed-mean Consumer Price Index also rose 0.1% (1.4% annualized...
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Announcing our NEW Podcast!

Announcing our NEW Podcast!

We’re excited to announce the launch of our highly anticipated new podcast: Passive Real Estate Investing. This is the show where BUSY PEOPLE like you learn how to build substantial passive income, while creating wealth for the long-term. Take the guesswork out of real...
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