Note: I’ll have more on GDP soon. Click on graph for larger image. The final Reuters / University of Michigan consumer sentiment index for July increased to 72.3 from the preliminary reading of 72.0, and was down from the June reading of 73.2. This was slightly above the consensus forecast of 72.0 and the...
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The volume of mortgage applications increased the final week of 2010 after dropping to the lowest point in a year the prior week. The Mortgage Bankers Association said its market composite index rose 2.3% for the week ended Dec. 31 following a 3.9% decline the week ended Dec. 24. The results for both weeks...
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Tim Duy is deeply concerned: The Final End of Bretton Woods 2? The inability of global leaders to address global current account imbalances now truly threatens global financial stability. Perhaps this was inevitable – the dollar has not depreciated to a degree commensurate with the financial crisis. Moreover, as the global economy stabilized the...
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