CalculatedRisk @ December 2, 2011 # Comments Off
From the Financial Times: Shape of last-ditch eurozone deal emerges
The deal involves bilateral fiscal agreements – and then possibly the ECB getting more involved.
From the WSJ: A Euro Crisis Deal EmergesEuropean Central Bank President Mario Draghi…
CalculatedRisk @ December 1, 2011 # Comments Off
Based on an estimate from Autodata Corp, light vehicle sales were at a 13.63 million SAAR in November. That is up 11.4% from November 2010, and up 3.1% from the sales rate last month (13.22 million SAAR in Oct 2011).
This was above the consensus forec…
CalculatedRisk @ November 28, 2011 # Comments Off
The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 307 thousand. This was up from a revised 303 thousand in September (revised down from 313 thousand).
The first graph shows New Home Sales vs. reces…
CalculatedRisk @ November 26, 2011 # Comments Off
It was a short holiday week, but the key story remained the same: the European situation continues to deteriorate as European policymakers fiddle. Europe continues to overshadow the U.S. economic situation and the European financial crisis continues t…
CalculatedRisk @ November 23, 2011 # Comments Off
Although there are significant downside risks from the European financial crisis and additional fiscal tightening in early 2012, right now the U.S. data suggests continued sluggish growth …
• From the Kansas City Fed: Growth in Manufacturing Activ…
CalculatedRisk @ November 22, 2011 # Comments Off
From the WSJ: BofA Warned to Get StrongerBank of America Corp.’s board has been told that the company could face a public enforcement action if regulators aren’t satisfied with recent steps taken to strengthen the bank … The nation’s second-largest l…
CalculatedRisk @ November 22, 2011 # Comments Off
Just a quick note – for anyone accessing Calculatedriskblog via an iPad, I’m trying out some new software with a customized tablet layout. I’ll be adding smart phone software soon …
Earlier:
• Existing Home Sales in October: 4.97 million SAAR, 8….
CalculatedRisk @ November 21, 2011 # Comments Off
From Dow Jones: Moody’s: Commercial Real-Estate Prices Fell In September
U.S. commercial real-estate prices fell 1.4% in September, ending a four-month growth streak … Moody’s expects “multi-family and hotel properties to lead the price recovery,” sa…
CalculatedRisk @ November 21, 2011 # Comments Off
The Department of Transportation (DOT) reported:
• Travel on all roads and streets changed by -1.5% (-3.7 billion vehicle miles) for September 2011 as compared with September 2010.
• Travel for the month is estimated to be 244.2 billion vehicle mi…
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…