CEOs from around the U.S. grew more optimistic about the U.S. economy last quarter, but the degree of improvement was the least of the current recovery. Although the Vistage CEO confidence index rose just 0.7% from 1Q (+36.8% y/y), [...]
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| Jul 12 2010Vistage Survey of Small Businesses Grows Somewhat More Optimistic
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 12 2010
U.S. Commodity Prices Are Down But Not Out
Commodity price figures probably are the most sensitive, high frequency economic indicators. What they show is that U.S. economic growth has lost forward momentum. The Commodity Research Bureau (CRB) index of spot prices is off [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 08 2010
U.S. Loan Delinquencies Fall
The American Bankers Association reported yesterday that the percentage of most types of closed-end loans behind on payments declined in March. Leading the decline was the drop in delinquent auto loan payments. Just 1.79% of loans [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 08 2010
U.S. Consumer Credit Contracts A Fourth Straight Month
Consumers' deleveraging may be intensifying. Not only did consumer credit outstanding decline $9.1B during May, but the sharp $14.9B April drop was revised from a modest advance reported initially. Finally, May continued a string of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 08 2010
U.S. Weekly Initial Unemployment Insurance Claims Slip But Remain Near Recent High
Initial claims for unemployment insurance slipped last week to 454,000 following an upwardly revised increase during the prior week to 475,000. The four-week moving average of initial claims also slipped to 466,000 but still was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 07 2010
U.S. Gasoline and Crude Oil Prices Reverse Earlier Gains
The pump price for regular gasoline fell last week to $2.73 per gallon last week and reversed the gains during the prior two weeks. Pulled higher by firm demand, prices have risen from the late-2009 level of $2.61. Yesterday, the spot [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 07 2010
U.S. Mortgage Applications Surge Again But Purchase Apps Sustain 13-Year Low
The Mortgage Bankers Association reported that mortgage applications jumped another 6.7% last week. The increase raised the level 14.6% versus June and by nearly one-half from July '09. Firm lending activity continued to reflect [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 07 2010
U.S. Weekly Chain Store Sales Move Higher
Shopping at chain stores improved another 1.0% last week to the highest level in two-months after the 2.1% gain during the prior week. The gain lifted sales 2.2% above the depressed June average. During the last ten years there has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 06 2010
U.S. ISM Nonmanufacturing Index Indicates Moderate Slowdown in Growth
The June Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) slipped during June to 53.8 after three months at 55.4. Nevertheless, the level was nearly the highest since early-2007 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2010
U.S. Vehicle Sales Continue A Sideways Movement
Up for a month or two then down for a month or two. That's been the pattern of U.S. unit sales of light vehicles since last Fall and it's left sales little changed from their November '09 level. For June, total light vehicle sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2010
U.S. Nonfarm Payrolls Drop As Census-Hiring Ends; Private-Sector Hiring Again Modest
As the 2010 Census ended, 225,000 census jobs were lost. That accounted for most of last month's 125,000 decline in nonfarm payrolls. The 433,000 May increase was little revised but the 313,000 April gain was slightly stronger than [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 01 2010
U.S. Pending Home Sales Flop With Loss of Tax Credit
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes fell during May by nearly one-third versus April. The decline came with the removal of the government's $8,000 tax credit for [...]
by:Tom Moeller
|in:Economy in Brief
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