The Mortgage Bankers Association reported another increase in mortgage applications. The 4.7% w/w increase last week pulled them up by nearly three-quarters from the year ago level and to nearly their highest for this year. Fueled by [...]
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 08 2009U.S. Weekly Mortgage Applications Jump Higher As Refi's More Than Double
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 08 2009
U.S. Weekly Mortgage ApplicationsJump Higher As Refi's More Than Double
The Mortgage Bankers Association reported another increase in mortgage applications. The 4.7% w/w increase last week pulled them up by nearly three-quarters from the year ago level and to nearly their highest for this year. Fueled by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2009
Consumer Credit Usage Remains Negative
For February the Federal Reserve reported that consumer credit outstanding fell $7.4B. As a result of the decline, which was the fifth since July, credit growth slowed to just 1.1% year-to-year which was the weakest since late 1992. [...]
by:Tom Moeller
|in:Economy in Brief
For February, the Bureau of Labor Statistics reported in its Job Openings & Labor Turnover Survey (JOLTS) that job availability made up just a piece of the January decline. The 2.9% rise in the number of job opening followed a 9.4% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2009
U.S. Chain Store Sales Pick Up Early This Month
After a weak March, the consumer may be showing signs of returning to the stores. The International Council of Shopping Centers-Goldman Sachs Index indicated that sales in early April rose 0.6% after the 1.1% jump during the prior [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2009
Gasoline Prices Hold Prior Weeks' Gains
Regular gasoline prices last week held firm at $2.04 per gallon, the highest level since last November. The latest was up 42 cents from the December low. Yesterday, the spot market price for regular gasoline also remained firm at [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 07 2009
Gasoline Prices Hold Prior Weeks'Gains
Regular gasoline prices last week held firm at $2.04 per gallon, the highest level since last November. The latest was up 42 cents from the December low. Yesterday, the spot market price for regular gasoline also remained firm at [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2009
U.S. ISM Nonmanufacturing Index Falls Again
The service sector remains under pressure. The March Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) slipped further to 40.8 from an unrevised February reading of 41.6. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2009
U.S. Jobless Rate Reaches 8.5%; 5.1 Million Payroll Jobs Are Lost Since Cycle Peak
The March employment figures showed that there was little, if any, diminution in the pace of job loss. Nonfarm payrolls fell an expected 663,000 following their unrevised 651,000 worker drop during February. The loss of employment [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 03 2009
U.S. Jobless Rate Reaches 8.5%;5.1 Million Payroll Jobs Are Lost Since Cycle Peak
The March employment figures showed that there was little, if any, diminution in the pace of job loss. Nonfarm payrolls fell an expected 663,000 following their unrevised 651,000 worker drop during February. The loss of employment [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2009
U.S. Factory Inventory Decumulation At A Record Pace
The manufacturing sector continued to shed inventories during February at a record rate. A 1.2% cutback followed declines of 1.1% and 1.9% during the prior two months. Moreover, that amounted to a 15.4% annualized rate of stockpile [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 02 2009
U.S. Initial Claims for Jobless Insurance Rise To The Highest Level Since 1982; Continuing Claims Reach A Record
There has been no letup in the U.S. labor market's distress. Initial claims for unemployment insurance rose last week to the highest level since the sharp recession of 1982. The figure of 669,000 was up from an unrevised 657,000 [...]
by:Tom Moeller
|in:Economy in Brief
- of1081Go to 737 page