This will be a very light week for economic data. The Fed’s April Senior Loan Officer Survey will be released on Monday, and Fed Chairman Ben Bernanke speaks on Friday. Yesterday on the employment report: • April Employment Report: 165,000 Jobs, 7.5% Unemployment Rate • Employment Report Comments and more Graphs • Graphs for Duration...
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I’ve been posting Jim the Realtor videos for years. The earlier videos were very funny as Jim toured REOs and drug houses. He also posted videos about short sale fraud, and recently on the buying frenzy in San Diego. Peter Hong at the LA Times called Jim “The Hunter S. Thompson of real estate”...
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WARNING: Don sunglasses before reading! Clearly the economy was picking up before the sequestration budget cuts. We will find out over the next two months how much the budget cuts will slow the economy. In a research note last night, Goldman Sachs economists asked: Are We Already over the Hump? In our annual forecast...
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Note: I’ll post a summary for last week later today. There are three key housing reports that will be released this week: January housing starts on Wednesday, January Existing home sales on Thursday, and the homebuilder confidence survey on Tuesday. Other key releases include the Q4 MBA National Mortgage Delinquency Survey on Thursday, and...
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Earlier: • Summary for Week Ending Jan 25th This will be a very busy week for economic data. The key reports are the Q4 advance GDP report to be released on Wednesday, and the January employment report on Friday. Other key reports include Case-Shiller house prices for November on Tuesday, the ISM manufacturing index on...
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Note: I’ll post a summary for last week later today. The key report next week is the November employment report to be released on Friday. Other key reports include November auto sales on Monday, the November ISM manufacturing index, and the November ISM service index. The November employment report will probably be negatively impacted by...
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Earlier: • Summary for Week Ending Nov 9th Several economic reports this week will be impacted by Hurricane Sandy including retail sales, weekly unemployment claims, and the regional NY and Philly Fed manufacturing surveys. The key report for the week is retail sales for October. For manufacturing, the November NY Fed (Empire state) and...
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The key event of the week was the FOMC announcement. Here were my posts: • FOMC Statement: QE3 Billion per Month, Extend Guidance to mid-2015 • FOMC Projections and Bernanke Press Conference • Analysis: Bernanke Delivered In other news, retail sales were strong due to higher gasoline prices. From Merrill Lynch: Gasoline prices surged...
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Earlier: • Summary for Week Ending Aug 24th The most anticipated events this coming are the speeches by Fed Chairman Ben Bernanke (Friday) and ECB President Mario Draghi (Saturday) at the Jackson Hole Economic Symposium . Key economic releases include the Case-Shiller house price index on Tuesday, the second estimate of Q2 GDP on...
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The top economic story last week was the eurozone deal. From the Financial Times: The agreement will result in EU bailout funds eventually being injected directly into teetering Spanish financial institutions, meaning Madrid can sweep the burden of the bailouts off its sovereign books. However, the rescue for Spain’s banks will only come after...
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