The U.S. Government's budget deficit during the second quarter of FY 2011 totaled $460.4B, according to figures released today by the U.S. Treasury and the Office of Management and Budget. That was greatly expanded from last year's [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
Global| Apr 12 2011U.S. Budget Deficit Expanded In Q2 FY'11
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2011
U.S. Petroleum Prices Surge
Petroleum prices have nowhere to go but up. Last week, the pump price for regular gasoline jumped eleven cents to $3.79 per gallon, the highest level since September, 2008 and more-than-double the December, 2008 low of $1.61. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2011
U.S. Import Prices Surge With Oil & Food Costs
Surging oil prices lifted overall U.S. import prices last month. Prices jumped 2.7% after an unrevised 1.4% February increase. The gain was stronger than Consensus expectations for a 2.1% rise. It was paced by a 10.5% surge in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2011
U.S. Trade Deficit Improves Slightly
The U.S. foreign trade deficit improved during February to $45.8B versus $47.0B in January, revised from $46.3B reported initially. Expectations had been for $44.0B according to Action Economics. Exports fell 1.4% following a 2.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 12 2011
U.S. Small Business Optimism Moves Lower
The National Federation of Independent Business indicated that its index of small business optimism fell to 91.9 in March from an unrevised 94.5 in February. The latest was the lowest level since October. Deterioration amongst the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2011
U.S. Consumer Credit Growth Strengthens
During February, consumer credit expanded by $6.7B after a revised $4.5B increase during January, initially reported as $4.0B. Credit has risen strongly during the last five months following declines from 2008 through 2010. Non- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2011
U.S. Initial Unemployment Insurance Claims Decline Further
Another sign of job market improvement was the indication that initial claims for jobless insurance slipped to 382,000 last week from 392,000, which was revised from 388,000. The latest figure roughly matched Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2011
U.S. Chain Store Sales Jump
In the first week of April, sales at chain stores jumped 2.3% w/w. Sales did the same last month, then held on for a 3.0% increase versus February. During the last ten years there has been a 66% correlation between the y/y change in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2011
U.S. Mortgage Applications Fall
The Mortgage Bankers Association reported that overall mortgage applications fell 2.0% last week to the lowest level since late-February. Applications to refinance fell 6.2% w/w and were off roughly one-half from the peak last August. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 06 2011
U.S. Loans Past Due Decline Sharply
The American Bankers Association reported that the number of loans past due as a percentage of the number of loans outstanding fell sharply by the end of last year. In addition, based on loan values the figure also was down sharply [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2011
U.S. ISM Nonmanufacturing Index Declines
The U.S. nonmanufacturing sector activity back-pedaled last month. The March Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) fell to 57.3 from 59.7 in February. The latest was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 05 2011
U.S. Petroleum Prices Rise
The firming U.S. economy and political unrest in Libya gave further strength last week to petroleum prices.The pump price for regular gasoline jumped eight cents to $3.68 per gallon, the highest level since September, 2008 and more- [...]
by:Tom Moeller
|in:Economy in Brief
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