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Schedule for Week of August 31st

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Schedule for Week of August 31st

This will be a busy week for economic data.  The key report is the August employment report on Friday. Other key reports include the ISM manufacturing index on Tuesday and August vehicle sales on Wednesday. The ECB rate decision and press conference with ECB President Mario Draghi on Thursday will be closely watched. —–...
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Friday: Personal Income and Outlays, Chicago PMI, Consumer Sentiment

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Friday: Personal Income and Outlays, Chicago PMI, Consumer Sentiment

Friday:• At 8:30 AM ET, Personal Income and Outlays for July. The consensus is for a 0.3% increase in personal income, and for a 0.1% increase in personal spending. And for the Core PCE price index to increase 0.2%. • At 9:45 AM, the...
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A few comments on the Seasonal Pattern for House Prices

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A few comments on the Seasonal Pattern for House Prices

• Starting this month, S&P is releasing the Case-Shiller National Index on a monthly basis. This probably means most reporting of a “headline number” will be switched from the Case-Shiller Composite 20 to the National Index. • On a method to improve the seasonal...
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Why Investors Should Continue Buying Real Estate

Why Investors Should Continue Buying Real Estate

Is this the end of the housing recovery? NO! “By keeping interest rates low, we are trying to make homes more affordable and revive the housing market.” That came from Federal Reserve Chair Janet Yellen earlier this year. My friend, that’s all you need...
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Vehicle Sales Forecasts: Over 16 Million SAAR again in August

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Vehicle Sales Forecasts: Over 16 Million SAAR again in August

The automakers will report August vehicle sales on Wednesday, Sept 3rd. Sales in July were at 16.40 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales in August will be above 16 million SAAR again. Note:  There were 27 selling...
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ECB’s Draghi: Unemployment in the euro area

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ECB’s Draghi: Unemployment in the euro area

From ECB President Mario Draghi at Jackson Hole: Unemployment in the euro area No one in society remains untouched by a situation of high unemployment. For the unemployed themselves, it is often a tragedy which has lasting effects on their lifetime income. For those...
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AIA: Architecture Billings Index increased in July, “Highest Mark Since 2007″

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AIA: Architecture Billings Index increased in July, “Highest Mark Since 2007″

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From AIA: Architecture Billings Index Reaches Highest Mark Since 2007 The last three months have shown steadily increasing demand for design services and the Architecture Billings Index (ABI) is...
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BLS: State unemployment rates little changed in July

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BLS: State unemployment rates little changed in July

From the BLS: Regional and State Employment and Unemployment Summary Regional and state unemployment rates were generally little changed in July. Thirty states had unemployment rate increases from June, 8 states had decreases, and 12 states and the District of Columbia had no change,...
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Unofficial Problem Bank list declines to 447 Institutions

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Unofficial Problem Bank list declines to 447 Institutions

This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for Aug 15, 2014. Changes and comments from surferdude808: As expected, the OCC provided an update on its enforcement action activities today, which contributed...
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