2009-01-28 USER


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MBA Mortgage Applications (Jan 23)

Survey n/a
Actual -38.8%
Prior -9.8%
Revised n/a

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MBA Purchasing Applications (Jan 23)

Survey n/a
Actual 294.30
Prior 303.10
Revised n/a

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MBA Refinancing Applications (Jan 23)

Survey n/a
Actual 3373.90
Prior 6491.90
Revised n/a


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2009-01-07 USER


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MBA Mortgage Applications (Jan 2)

Survey n/a
Actual -8.2%
Prior 0.0%
Revised n/a

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MBA Purchasing Applications (Jan 2)

Survey n/a
Actual 344.20
Prior 320.90
Revised n/a

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MBA Refinancing Applications (Jan 2)

Survey n/a
Actual 5904.50
Prior 6733.80
Revised n/a

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Challenger Job Cuts YoY (Dec)

Survey n/a
Actual 274.5%
Prior 148.4%
Revised n/a

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Challenger Job Cuts TABLE 1 (Dec)

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Challenger Job Cuts TABLE 2 (Dec)

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Challenger Job Cuts TABLE 3 (Dec)

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Challenger Job Cuts TABLE 4 (Dec)

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ADP Employment Change (Dec)

Survey -495K
Actual -693K
Prior -250K
Revised -476K

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ADP ALLX (Dec)


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2008-11-19 USER


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MBA Mortgage Applications (Nov 14)

Survey n/a
Actual -6.2%
Prior 11.9%
Revised n/a

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MBA Purchasing Applications (Nov 14)

Survey n/a
Actual 248.50
Prior 284.40
Revised n/a

 
Back down big time.

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MBA Refinancing Applications (Nov 14)

Survey n/a
Actual 1281.20
Prior 1248.40
Revised n/a

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Consumer Price Index MoM (Oct)

Survey -0.8%
Actual -1.0%
Prior 0.0%
Revised n/a

 
Not much of a surprise led by gasoline prices. More to come.

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CPI Ex Food and Energy MoM (Oct)

Survey 0.1%
Actual -0.1%
Prior 0.1%
Revised n/a

 
Lower than expected. Owner equivalent remains positive at up 0.1%.

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Consumer Price Index YoY (Oct)

Survey 4.0%
Actual 3.7%
Prior 4.9%
Revised n/a

 
Coming down quickly with the fall in gasoline prices, much like Aug 06 when Goldman changed their commodity index and triggered a liquidation of gasoline inventories.

Karim writes:

  • Largest single mthly fall on record in headline CPI: -0.961%
  • Core also falls, by 0.071%
  • Service inflation now unchanged for 2 straight months
  • OER up 0.1%
  • Apparel -1%, vehicles -0.7% (new -0.5%, used -2.4%)
  • Medical care and education each up 0.2%
  • Market strains + output gap + weaker commodities to lead to falling/slowing inflation in period ahead

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CPI Ex Food and Energy YoY (Oct)

Survey 2.4%
Actual 2.2%
Prior 2.5%
Revised n/a

 
Also moving down.

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CPI Core Index SA (Oct)

Survey n/a
Actual 216.801
Prior 216.956
Revised n/a

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Consumer Price Index NSA (Oct)

Survey 216.700
Actual 216.573
Prior 218.783
Revised n/a

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Consumer Price Index TABLE 1 (Oct)

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Consumer Price Index TABLE 2 (Oct)

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Consumer Price Index TABLE 3 (Oct)

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Housing Starts (Oct)

Survey 780K
Actual 791K
Prior 817K
Revised 828K

 
Looking grim again after showing signs of bottoming.

Karim writes:

  • October housing starts down another 4.5% and permits down 12%-contribution from housing to GDP will remain a significant drag at least thru Q2 2009 (based on lag from permits to construction).

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Building Permits (Oct)

Survey 774K
Actual 708K
Prior 786K
Revised 805K


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2008-11-05 USER


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MBA Mortgage Applications (Oct 31)

Survey n/a
Actual -20.3%
Prior 16.8%
Revised n/a

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MBA Purchasing Applications (Oct 31)

Survey n/a
Actual 260.90
Prior 303.10
Revised n/a

 
Down through the lows- looking like housing is taking a second leg down.

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MBA Refinancing Applications (Oct 31)

Survey n/a
Actual 1075.40
Prior 1489.40
Revised n/a

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MBA TABLE 1 (Oct 31)

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MBA TABLE 2 (Oct 31)

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MBA TABLE 3 (Oct 31)

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MBA TABLE 4 (Oct 31)

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Challenger Job Cuts YoY (Oct)

Survey n/a
Actual 78.9%
Prior 32.6%
Revised n/a

 
Trending higher along with other employment indicators.

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Challenger Job Cuts TABLE 1 (Oct)

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Challenger Job Cuts TABLE 2 (Oct)

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Challenger Job Cuts TABLE 3 (Oct)

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Challenger Job Cuts TABLE 4 (Oct)

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ISM Non Manufacturing Composite (Oct)

Survey 47.0
Actual 44.4
Prior 50.2
Revised n/a


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2008-10-29 USER


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MBA Mortgage Applications (Oct 24)

Survey n/a
Actual 16.8%
Prior -16.6%
Revised n/a

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MBA Purchasing Applications (Oct 24)

Survey n/a
Actual 303.10
Prior 279.30
Revised n/a

 
A small bounce to what are still very low levels.

But no sign of a collapse

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MBA Refinancing Applications (Oct 24)

Survey n/a
Actual 1489.40
Prior 1158.80
Revised n/a

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MBA TABLE 1 (Oct 24)

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MBA TABLE 2 (Oct 24)

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MBA TABLE 3 (Oct 24)

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MBA TABLE 4 (Oct 24)

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Durable Goods Orders MoM (Sep)

Survey n/a
Actual 0.8%
Prior -5.5%
Revised n/a

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Durable Goods Orders YoY (Sep)

Survey n/a
Actual -2.4%
Prior -8.9%
Revised n/a

 
A volatile series. Up some but the overall trend is still looking lower.

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Durables Ex Transportation MoM (Sep)

Survey n/a
Actual -1.1%
Prior -4.1%
Revised n/a

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Durables Ex Defense MoM (Sep)

Survey n/a
Actual -0.6%
Prior -6.0%
Revised n/a

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Durable Goods ALLX (Sep)


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2008-10-08 USER


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MBA Mortgage Applications (Oct 3)

Survey n/a
Actual 2.2%
Prior -23.0%
Revised n/a

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MBA Purchasing Applications (Oct. 3)

Survey n/a
Actual 314.50
Prior 304.80
Revised n/a

 
Didn’t go down.

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MBA Refinancing Applications (Oct. 3)

Survey n/a
Actual 1345.80
Prior 1333.90
Revised n/a

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MBA TABLE 1 (Oct 3)

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MBA TABLE 2 (Oct 3)

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MBA TABLE 3 (Oct 3)

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MBA TABLE 4 (Oct 3)

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Pending Home Sales (Aug)

Survey n/a
Actual 93.4
Prior 87.0
Revised n/a

 
And moving up?

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Pending Home Sales MoM (Aug)

Survey -1.3%
Actual 7.4%
Prior -3.2%
Revised -2.7%

 
Full blown housing boom underway! (OK, not yet)

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Pending Home Sales YoY (Aug)

Survey n/a
Actual 5.0%
Prior -5.9%
Revised n/a

 
Went positive!

September will be the test with the intensified credit crunch, but if this stuff holds, the economy may be in better shape than assumed.


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