October new orders for durable goods collapsed 6.2% m/m in what was the third consecutive monthly drop. During that period new orders virtually dried up as their 11.5% cumulative decline was the largest since the "credit crunch" [...]
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| Nov 28 2008U.S. Durable Goods Orders Lowest Since 2005
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2008
U.S. Durable Goods Orders Lowest Since 2005
October new orders for durable goods collapsed 6.2% m/m in what was the third consecutive monthly drop. During that period new orders virtually dried up as their 11.5% cumulative decline was the largest since the "credit crunch" [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2008
U.S. Durable Goods Orders Lowest Since 2005
October new orders for durable goods collapsed 6.2% m/m in what was the third consecutive monthly drop. During that period new orders virtually dried up as their 11.5% cumulative decline was the largest since the "credit crunch" [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 28 2008
U.S. Durable Goods Orders Lowest Since 2005
October new orders for durable goods collapsed 6.2% m/m in what was the third consecutive monthly drop. During that period new orders virtually dried up as their 11.5% cumulative decline was the largest since the "credit crunch" [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 26 2008
Michigan Consumer Sentiment Reading Lowest Since 1980
The University of Michigan's reading of consumer sentiment for the full month of November was worse than at mid-month. The full month index fell to 55.3 from the mid-month read of 57.9 and from 57.6 for October. The latest level was [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 26 2008
U.S. New-Home Sales Fell During October; Lowest Since 1991
The U.S. Census Department reported that October sales of new single-family homes fell 5.3% m/m to 433,000 after a downwardly revised 0.7% September uptick. The level of sales in October was off by nearly 70% from the July 2005 peak [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 26 2008
U.S. Claims For Unemployment Insurance Ticked Lower
The rise in initial claims for jobless insurance took a breather last week. The 14,000 decline to 529,000 was the first material weekly fall in over one month. Yet despite the decline, initial claims for the month remained 10.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 26 2008
U.S. PCE Fell 1.0% During October; Income Rose 0.3%
Led by a 5.9% m/m drop in consumer spending on motor vehicles (-17.8% y/y), personal consumption expenditures fell 1.0% last month. It was the third consecutive monthly decline and was the largest for any month since the recession of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 26 2008
U.S. PCE Fell 1.0% During October; Income Rose 0.3%
Led by a 5.9% m/m drop in consumer spending on motor vehicles (-17.8% y/y), personal consumption expenditures fell 1.0% last month. It was the third consecutive monthly decline and was the largest for any month since the recession of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2008
Case-Shiller Home Price Index Fell Further
The S&P/Case-Shiller 20 Home Price Composite Index fell another 1.8% during September. Since their peak in July 2006, prices have fallen 22.0% -- down 17.4% during the last twelve months. The series dates back only to 2000. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2008
Consumer Confidence Recovered A Bit
The Conference Board reported that its November index of consumer confidence recovered a small piece of an October collapse. The rise to a level of 44.9 followed an October decline to 38.8. Consensus expectations had been for a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2008
Dip in U.S. 3Q'08 GDP Revised Little; Profits Fell (Again)
U.S. real GDP growth last quarter was little revised at -0.5% due to offsetting revisions to final demand growth (down) and inventories (up). The modest 0.5% (AR) decline compared to the advance report of a 0.3% dip and the revised [...]
by:Tom Moeller
|in:Economy in Brief
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