Be not misled by the headline figure. The underlying trend of durable orders has weakened substantially. The Commerce Department reported that September orders surged 3.3% following a 1.0% August decline that was slightly less than [...]
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| Oct 27 2010U.S. Durable Goods Orders Soar With Higher Aircraft Bookings; Trend Weakens
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2010
U.S. Consumer Confidence Recovers Small Part Of Earlier Decline
The Conference Board reported that consumer confidence improved slightly this month but remained near the lowest level since February. The index of overall confidence rose 3.3% to 50.2 from a little-changed 48.6 in September. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2010
U.S. Case-Shiller Home Price Index Declines
Home price gains lost forward momentum this summer. During August, the seasonally adjusted Case-Shiller 20-City Home Price Index fell 0.3%. It was the second month of decline and pulled the y/y gain down to 1.7% from 4.7% this past [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2010
Chicago Fed Index Slips Further
In another sign of weakness in the U.S. economy, the Chicago Fed National Activity Index (CFNAI) fell further last month to its lowest level since February. Moreover, it was near its lowest level of the economic recovery. The decline [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2010
U.S. Existing Home Sales Improve As Prices Fall
Price discounts seem to have buoyed home sales last month. The National Association of Realtors reported that sales of existing homes during September increased 10.0% to 4.53M following a little revised 7.3% August increase. September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2010
Following The U.S. Recession, Furniture Sales Improve Modestly
What every homeowner needs is something to sit on. But a poor job market can put off the day of purchasing that new item. During 2009 furniture sales, as reported by the U.S. Commerce Dept., fell 11% following declines during the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2010
U.S. Leading Economic Indicators Rise To New High
The Conference Board reported that its Index of Leading Economic Indicators rose 0.3% during September after a downwardly revised 0.1% August uptick that was initially reported at 0.3%. Nevertheless, the latest reading was a record [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2010
Philadelphia Fed Index Gains Slightly But Not Enough To Suggest Real Economic Improvement
There was further loss of forward economic momentum last quarter. Moreover, the Philadelphia Federal Reserve Bank indicated that Q4 began with little improvement. The Bank's October index of regional factory sector activity improved [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 21 2010
U.S. Weekly Claims For Unemployment Insurance Fall; Trend Remains Flat
A sidle to the right is the continuing step for initial claims for unemployment insurance. They fell to 452,000 last week from 475,000 during the prior week. That figure, however, was revised up from 462,000. Claims first hit these [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2010
U.S. Consumer Credit Delinquencies Have Fallen Somewhat
Recent trends can be encouraging, but delinquency levels are less heartening. That is the message the American Bankers Association data which indicates that loan delinquencies across all types of credit recently have fallen. That may [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 20 2010
Mortgage Applications Backpedal But Uptrend Remains Strong
The Mortgage Bankers Association reported that mortgage applications declined 10.5% last week. The drop gave back most of the prior week's surge which was to the highest level since May 2009. Nevertheless, applications remained up by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2010
Gasoline Prices Move To High End Of Recent Range As Crude Oil Prices Firm
After having been somewhat soft in recent weeks, the pump price for regular gasoline rebounded to $2.83 per gallon. Nevertheless, prices remained down from $2.91 in early-May. The moderate economic recovery of the last year has been [...]
by:Tom Moeller
|in:Economy in Brief
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