Category Archives: GDP

Existing home sales, Dallas Fed manufacturing, Chicago Fed

Again, with mtg purchase apps down and cash sales down why expect this to go up? And with the oil credit expansion over it could get worse. Existing Home Sales Highlights Despite a strong jobs market and low mortgage rates, … Continue reading

Posted in GDP, Housing |

Fed Atlanta GDP forecast falls below 2%

Now below 2% for Q1, Even with lower oil prices… ;)

Posted in GDP, Oil |

Japan trade surplus, US household loan growth, Jobless claims

More US consumption of imports indicated here as well as with US trade data, as US growth continues to get downgraded post oil price collapse: Japan’s annual exports jump most since late 2013 in boost to economy Feb 18 (Reuters) … Continue reading

Posted in Credit, GDP, Japan, Trade |

mtg prch apps, housing starts, Producer prices, Redbook retail sales

More bad housing news: MBA Purchase Applications Highlights The purchase index is down for a 5th straight week, 7.0 percent lower for the 2nd consecutive week. Rates have been rising in recent weeks including the latest week which is especially … Continue reading

Posted in GDP, Housing, Inflation |

Consumer comfort, business inventories

Bloomberg Consumer Comfort Index Highlights According to Bloomberg, consumer confidence declined for a second straight week, interrupting a four-month surge as Americans’ perceptions of their finances and the economy waned. Business Inventories Highlights A mismatch between inventories and sales is … Continue reading

Posted in Economic Releases, GDP |

my comments on comments on the CBO report

STAFF ANALYSIS OF THE CONGRESSIONAL BUDGET OFFICE’S BUDGET AND ECONOMIC OUTLOOK, 2015–2025 “Political differences shouldn’t prevent us from taking bold, decisive action to address America’s dire financial outlook. Yes, there is an acute shortage of available desired savings as indicated … Continue reading

Posted in Deficit, GDP, Government Spending |

Visa on consumer spending, GDP, Consumer sentiment, Greece update, Personal income, Employment costs

Visa quantifies impact to consumer spending from lower gas prices (from its earnings call Thurs night) – US fuel prices are down ~30% since June. The drop amounts to ~$60/month for the avg. consumer according to our survey. Approximately 50% … Continue reading

Posted in Employment, GDP, Greece |

durable goods, Case Shiller, new home sales, Consumer Confidence, Richmond Fed, PMI services flash, GDP comments, 10 yr vs Fed

Down hard and revisions down hard as well, and year over year growth up less than 1%: Durable Goods Orders Highlights Durables orders unexpectedly fell 3.4 percent in December after dropping 2.1 percent in November. Analysts projected a 0.7 percent … Continue reading

Posted in Bonds, Economic Releases, Fed, GDP, Housing, Interest Rates |

retail sales, import and export prices, business inventories, airline stocks, ECB QE comment

This is not supposed to happen with falling gas prices… Retail Sales Highlights Retail sales disappointed for December. Retail sales in December fell 0.9 percent after posting a 0.4 percent gain in November and a 0.3 percent rise in October. … Continue reading

Posted in GDP |

Car sales weaker than expected

This is not good. Q4 GDP estimates will be revised lower: Motor Vehicle Sales Highlights Vehicle sales are coming in weaker than expected for December. With the bulk of automakers having already reported, sales of North American made cars and … Continue reading

Posted in GDP |