CalculatedRisk @ December 11, 2011 # Comments Off
From Professor Hamilton: More on those secret Federal Reserve loans to banksThe claim that the Federal Reserve extended trillions of dollars in secret loans to banks continues to be spread. Here at Econbrowser we will continue to try to correct some of…
CalculatedRisk @ December 11, 2011 # Comments Off
Earlier:
• Summary for Week ending Dec 9th
Retail sales for November is the key report this week. For manufacturing, the December NY Fed (Empire state) and Philly Fed surveys, and the November Industrial Production and Capacity Utilization report w…
CalculatedRisk @ December 3, 2011 # Comments Off
Earlier:
• Summary for Week ending Dec 2nd
European policymakers are meeting again this week, and an announcement of additional measures is expected by Friday, December 9th.
This will be a light week for economic releases. The key economic release…
CalculatedRisk @ November 26, 2011 # Comments Off
Earlier:
• Summary for Week Ending Nov 25th
The key report this week will be the employment situation report for November on Friday. Other key reports include the November ISM manufacturing index on Thursday, auto sales also on Thursday, and two im…
CalculatedRisk @ November 23, 2011 # Comments Off
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
The Refinance Index decreased 4.0 percent from the previous week to its lowest level since July 29, 2011. The seasonally adjusted Purchase Index increased 8.2 percent from last we…
CalculatedRisk @ November 23, 2011 # Comments Off
Still no hint of timing …
From Ruth Simon and Nick Timiraos at the WSJ: Foreclosure Talks Push Ahead Absent California Bank representatives and government officials are working on a broad settlement of most state and federal foreclosure-practices i…
CalculatedRisk @ November 21, 2011 # Comments Off
Yesterday I discussed the expected downward revisions to the NAR estimates for sales and inventory. The NAR didn’t provide any update on the benchmark revision process in the release today. I expect sales and inventory estimates to be revised down by…
CalculatedRisk @ November 18, 2011 # Comments Off
Another bright spot for the economy has been the recovery in heavy truck sales (see graph below).
First, here is an early forecast for November light vehicle sales from J.D. Power and Associates:
November new-vehicle retail sales are projected to com…
CalculatedRisk @ November 13, 2011 # Comments Off
On Friday, Goldman Sachs economists expressed concerns about two potential negative shocks for the U.S. economy:”We are particularly concerned about two potential negative shocks— one of which has already materialized to some degree. First, a worsen…
CalculatedRisk @ November 13, 2011 # Comments Off
There will be a confidence vote on Wednesday (obviously Papademos will win), and the troika inspectors (EU, the IMF and the ECB) will visit Greece early next week to obtain commitments from the new government.
But basically the beatings will continue…