The National Association of Realtors indicated that pending sales of existing homes in December rose 6.3% The increase reversed most of the declines during the prior two months. Consensus expectations were for no change in sales m/m. [...]
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| Feb 03 2009U.S. Pending Home Sales Up in December But Down For 2008. Affordability At New High With Lower Rates & Prices
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2009
U.S. Chain Store Sales Recovered Last Week
With a 1.6% increase last week chain store sales recovered nearly all of the prior week's decline, according to the International Council of Shopping Centers-Goldman Sachs Index. Nevertheless, the year-to year change of -2.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2009
U.S. Gasoline Prices Up Again
Despite the U.S. recession and reduced demand, regular gasoline prices again moved higher last week to an average $1.89 per gallon prices. That was up from 10 cents from the January average and up 28 cents from the December low, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 03 2009
U.S. Gasoline Prices Up Again
Despite the U.S. recession and reduced demand, regular gasoline prices again moved higher last week to an average $1.89 per gallon prices. That was up from 10 cents from the January average and up 28 cents from the December low, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2009
U.S. Construction Spending Fell For Second Year
The value of construction put in place during December dropped another 1.4%. The decline followed a 1.2% November drop which was double the decline originally estimated. These declines pulled overall construction down 5.2% for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2009
ISM Index Improved Slightly From Historic Low
The Institute for Supply Management (ISM) reported that its January Composite Index of Activity in the manufacturing sector improved slightly to 35.6 from it's December low of 32.4. The latest was still near the lowest level since the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2009
U.S. December Income, Consumption & Prices Fell While Savings Rose
The personal income & outlays report for the end of 2008 contained news of difficult times for the "front-end" of the U.S. economy. To start, personal income fell for the third straight month. The 0.2% December decline was a bit less- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 02 2009
U.S. December Income, Consumption& Prices Fell While Savings Rose
The personal income & outlays report for the end of 2008 contained news of difficult times for the "front-end" of the U.S. economy. To start, personal income fell for the third straight month. The 0.2% December decline was a bit less- [...]
by:Tom Moeller
|in:Economy in Brief
The January consumer sentiment index from the University of Michigan rose slightly for the second month. The 1.8% rise was slightly less than indicated in the mid-month report but it followed an 8.7% increase off the cycle's low in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2009
U.S. Employment Cost Index Increase Eased Slightly During 4Q; 2008 Gain A Record Low
Weak job markets have held down compensation. For private industry workers, the employment cost index increased by 0.5% during 4Q. The rise eased slightly from the 0.6% 3Q increase and it left costs up 2.9% for the full year. That was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2009
U.S. Recession Intensifies; 3.8% Drop in Real GDP Is Sharpest Since 1982
The current recession in economic activity intensified last quarter. Real GDP contracted at a 3.8% annual rate. Although, the rate of decline was less than the generally expected 5.4%, it was the deepest quarterly drop since the last, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2009
U.S. Recession Intensifies; 3.8%Drop in Real GDP Is Sharpest Since 1982
The current recession in economic activity intensified last quarter. Real GDP contracted at a 3.8% annual rate. Although, the rate of decline was less than the generally expected 5.4%, it was the deepest quarterly drop since the last, [...]
by:Tom Moeller
|in:Economy in Brief
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