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Vehicle Sales Forecast: Sales to be Over 17 Million SAAR in July

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Vehicle Sales Forecast: Sales to be Over 17 Million SAAR in July

The automakers will report July vehicle sales on Tuesday, Aug 2nd. Note:  There were 26 selling days in July, the same as in July 2015. From WardsAuto: Forecast: July Sales to Return to 17 Million SAAR Trend A WardsAuto forecast calls for U.S. light-vehicle sales to reach a 17.6 million-unit seasonally adjusted annual rate...
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Vehicle Sales Forecast for August: Over 17 Million Annual Rate Again

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Vehicle Sales Forecast for August: Over 17 Million Annual Rate Again

The automakers will report August vehicle sales on Tuesday, Sept 1. Sales in July were at 17.5 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales in August will be over 17 million SAAR again. Note:  There were 26 selling days in August, down from 27 in August 2014 (Also...
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Vehicle Sales Forecasts for August: Over 17 Million Annual Rate Again

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Vehicle Sales Forecasts for August: Over 17 Million Annual Rate Again

The automakers will report August vehicle sales on Tuesday, Sept 1. Sales in July were at 17.5 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales in August will be over 17 million SAAR again. Note:  There were 26 selling days in August, down from 27 in August 2014 (Also...
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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 days in August this year compared to 28 last year....
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Gasoline Prices up over 50 Cents per Gallon since December

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Gasoline Prices up over 50 Cents per Gallon since December

From CNN: Gas prices jump, but not as high, survey finds Over the past two weeks, prices at the pump have jumped 20 cents, adding to a total rise of nearly 54 cents over the past nine weeks, according to the Lundberg Survey. … And now, prices may even start to drop, says publisher...
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Gasoline Prices decline 16 cent over the past three weeks

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Gasoline Prices decline 16 cent over the past three weeks

There is plenty of confusion regarding the Spanish bank aid. See the Financial Times Alphaville: Just buying time? , An ESM subordination … save? and on rumors of capital controls. From Bloomberg: U.S. Gasoline Fell to .6243 a Gallon, Lundberg Survey The average price of regular gasoline at U.S. filling stations declined 15.9 cents...
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Dutch pension fund sues Credit Suisse over toxic RMBS

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Dutch pension fund sues Credit Suisse over toxic RMBS

Dutch pension fund Stichting Pensioenfonds ABP filed suit against banking giant Credit Suisse (CS: 23.48 0.00%), claiming the global bank sold the fund residential mortgage-backed securities without disclosing the toxic nature of the mortgages serving as collateral. The suit, which does not mention how much the fund purchased, claims the pension fund is one...
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S&P downgrades PHH over debt repayment doubts

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S&P downgrades PHH over debt repayment doubts

PHH Corp. (PHH: 10.52 -5.31%) saw its stock plummet almost 15% Thursday after Standard & Poor's Ratings Services raised concern that the mortgage company will not be able to pay unsecured corporate debt. PHH's stock fell .91, or 14.67%, to close at .11. The stock is down 52% so far this year. S&P downgraded...
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Europe Friday: Over promise, Under Deliver Again?

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Europe Friday: Over promise, Under Deliver Again?

The ECB disappointed today, and the EU will probably under deliver again tomorrow. The following is no surprise – no one expected all 27 countries to agree, just the 17 eurozone countries plus a few more … From CNBC: EU Fails to Agree on Treaty Change Among 27 States: Diplomats The European Union failed...
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Debt Ceiling Charade: Almost Over

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Debt Ceiling Charade: Almost Over

I’ve been hearing from more and more people that they are concerned about the debt ceiling negotiations. Many of these people are busy with their daily lives, and they don’t usually pay close attention to politics or budget issues. This concern is probably why consumer sentiment fell sharply in the Reuters / University of...
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