Last quarter, economic weakness in the U.S. was not quite as severe as reported initially by the Commerce Department. The latest estimate of a 5.7% (AR) drop in real GDP compares to the advance estimate of a 6.1% decline and the [...]
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| May 29 2009U.S. 1Q GDP Decline Lessened, YetTwo-Quarter Drop Rivals 1958 Stats; Profits Recovered Modestly
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2009
U.S. Durable Goods Orders Recover Earlier Decline And Are Up Slightly 'YTD
Perhaps the factory sector's distress is nearing its end. At least some moderation of last year's woes was evident in the latest report of durable goods orders. During April orders rose 1.9% following a 2.1% March decline which was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2009
U.S. Initial Jobless Insurance Claims Slip Again Though Continuing Claims Reach Another Record
Another tenuous sign improvement in the labor market came from last week's decline in initial claims for unemployment insurance, down a modest 13,000 to 623,000. That followed an upwardly revised level during the prior week of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2009
U.S. New Home Sales Form A Bottom While The Level of Unsold Homes Is At Its Lowest Since 2001
Sales of new single-family homes during April showed further signs of forming a bottom after having declined by more than three-quarters since 2005. Sales were stable at 352,000 units (AR) after a downwardly revised March decline. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 28 2009
U.S. Durable Goods Orders Recover Earlier Decline And Are Up Slightly 'YTD
Perhaps the factory sector's distress is nearing its end. At least some moderation of last year's woes was evident in the latest report of durable goods orders. During April orders rose 1.9% following a 2.1% March decline which was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2009
U.S. Chain Store Sales Recover
Perhaps consumer spending is holding together after an earlier indication of retrenchment. According to the International Council of Shopping Centers-Goldman Sachs Index, store sales last week recovered most of the prior week's [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2009
U.S. Existing Home Sales Rise As Home Affordability Increases
Both home sales and home prices rose slightly last month, according to the National Association of Realtors. The overriding message, however, was that lower prices can spur sales. Sales of existing homes rose 2.9% last month to 4.68M [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2009
Gasoline Prices Reach Their Highest Level Since October
The news that the U.S. economy, notably the consumer, is recovering from the Winter doldrums has given further life to energy prices. Suspecting that a more confident consumer will drive further, regular gasoline prices last week [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2009
U.S. Existing Home Sales Rise As Home Affordability Increases
Both home sales and home prices rose slightly last month, according to the National Association of Realtors. The overriding message, however, was that lower prices can spur sales. Sales of existing homes rose 2.9% last month to 4.68M [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2009
U.S. Consumer Confidence Increases Again On Improved Expectations
Consumers' attitudes are rising even further on expectations that the worst of the recession has passed. The May index of consumer confidence, reported by the Conference Board, improved for the third consecutive month and the latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2009
Chicago Fed Index Improved To Highest Level Since October
The Chicago Federal Reserve Bank reported that its National Activity Index improved during April to the highest level since October of last year. The reading of -2.06 was up from a downwardly revised March figure. Both figures were up [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 26 2009
Case-Shiller Home Price Index Is Down By Nearly One-Third From 2006 Peak
The S&P/Case-Shiller Composite 20 Home Price Index fell 2.2% during March. The latest decline lowered prices by 18.7% during the last twelve months and by 31.4% since their peak in May 2006. The series dates back only to 2000 and the [...]
by:Tom Moeller
|in:Economy in Brief
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