There's been no let-up in the deleveraging of consumer balance sheets. For the seventh consecutive month, the Federal Reserve reported that consumer credit outstanding has fallen. During August, it was down by $12.0, or 4.0% y/y, and [...]
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 07 2009U.S. Consumer Credit Outstanding Continues To Fall
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 07 2009
Several Indicators Signal U.S. Inflationary Upturn
Liquidity has long been viewed as having the potential for fueling inflationary problems for an economy. Before that problem actually emerges, several "market-based" indicators help provide a market view of the pricing outlook. While [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2009
Weekly Chain Store Sales Tick Higher After Sharp September Decline
Indications that consumer spending might be improving faded during the last several weeks. During the latest week, chain store sales slipped 0.3% leaving them 0.6% below September after that month's 0.7% decline. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2009
Weekly Gasoline Prices Fall To Lowest Level In One Month
The pump price for regular gasoline fell last week to the lowest level since late-July. At an average $2.50 per gallon the price dropped a nickel from the prior week and may have broken out of the sideways pattern since early-June. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 06 2009
Weekly Gasoline Prices Fall ToLowest Level In One Month
The pump price for regular gasoline fell last week to the lowest level since late-July. At an average $2.50 per gallon the price dropped a nickel from the prior week and may have broken out of the sideways pattern since early-June. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2009
U.S. ISM Nonmanufacturing Index Increases To Highest Since May '08
Improvement in service sector activity broadened last month to its highest level since May of last year. The Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) rose to 50.9, a level that [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 05 2009
U.S. ISM Nonmanufacturing IndexIncreases To Highest Since May '08
Improvement in service sector activity broadened last month to its highest level since May of last year. The Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) rose to 50.9, a level that [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2009
Challenger Layoffs Fall Further To Cycle Low
The outplacement firm of Challenger, Grey & Christmas indicated that job cut announcements fell last month to the current cycle low. They dropped to 66,404, compared to a high of 241,748 cuts in February of this year. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2009
U.S. Vehicle Sales Payback August Strength
Payback time came last month for vehicle sales that were pulled forward by price discounts. U.S. unit sales of light vehicles during September fell sharply with the end of the "Cash-for-Clunkers" sales program. Sales last month fell [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2009
U.S. Payrolls Decline Again While Jobless Rate Increases
For September, the employment figures from the Bureau of Labor Statistics were uniformly weak. Payrolls fell a more-than-expected 263,000. Hours worked fell again. The unemployment rate rose to 9.8%, the highest since 1983. All in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 02 2009
U.S. Payrolls Decline Again WhileJobless Rate Increases
For September, the employment figures from the Bureau of Labor Statistics were uniformly weak. Payrolls fell a more-than-expected 263,000. Hours worked fell again. The unemployment rate rose to 9.8%, the highest since 1983. All in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 01 2009
U.S. Weekly Claims For Jobless Insurance Tick Higher
Initial claims for jobless insurance ticked higher last week and suggested little labor market improvement since the summer. The Labor Department indicated that claims reversed the prior week's decline and rose 17,000 to 551,000, the [...]
by:Tom Moeller
|in:Economy in Brief
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