To start Fiscal Year 2009, the U.S. government's budget deficit for October reflected the duel of effects from a U.S. recession and the War in Iraq.The monthly deficit jumped to $237.2B, more than four times last year's deficit of [...]
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 13 2008Recession & War Swell U.S. Budget Deficit
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2008
U.S. Claims For Unemployment Insurance Top 500,000
The weakening job market pushed initial claims for jobless insurance above 500,000 for the first time since they were briefly there; late during the recession of 2001 and just after the 9/11 terrorist attacks. At 516,000, claims rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2008
U.S. Trade Deficit Shrank With Lower Oil Prices & Recession
The U.S. foreign trade deficit narrowed in September somewhat more than expected. At $56.5B versus an unrevised $59.1B during August, the deficit was its smallest since last October. So far this year the monthly trade deficit has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 13 2008
U.S. Trade Deficit Shrank With Lower Oil Prices & Recession
The U.S. foreign trade deficit narrowed in September somewhat more than expected. At $56.5B versus an unrevised $59.1B during August, the deficit was its smallest since last October. So far this year the monthly trade deficit has [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2008
Commodity Prices, Inflation and Expectations
Weakening economic growth in the U.S. as well as in other industrial countries has sapped what had been, until early this past summer, pronounced strength in commodity prices. Since then, copper prices, corn prices, crude oil and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 12 2008
Commodity Prices, Inflation and Expectations
Weakening economic growth in the U.S. as well as in other industrial countries has sapped what had been, until early this past summer, pronounced strength in commodity prices. Since then, copper prices, corn prices, crude oil and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2008
U.S. Chain Store Sales Dropped
According to the International Council of Shopping Centers-Goldman Sachs Index, chain store sales dropped 1.0% last week from the last week in October. That wasn't the first sign of severe weakness in sales. There was one weekly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2008
U.S. Gasoline Prices Lowest Since February 2007. Demand Fell Further
The retail price for a gallon of regular gasoline fell by another eighteen cents last week after the twenty six cent drop during the prior week, according to the U.S. Department of Energy survey. The price of $2.22 was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2008
U.S. Small Business Optimism Lowest Since 1975
According to the National Federation of Independent Business (NFIB), small business optimism collapsed last month. The 5.8% m/m decline to an index level of 87.5 reversed all of the gains during the prior two months and dropped the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 11 2008
U.S. Small Business Optimism Lowest Since 1975
According to the National Federation of Independent Business (NFIB), small business optimism collapsed last month. The 5.8% m/m decline to an index level of 87.5 reversed all of the gains during the prior two months and dropped the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2008
U.S. Pending Home Sales Retraced Most of August Rise; Trend Still Up
The National Association of Realtors reported that September pending sales of existing homes fell 4.6% from the prior month. Sales had risen 7.5% during August. Consensus expectations were for a slightly more moderate m/m drop. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 10 2008
U.S. Pending Home Sales Retraced Most of August Rise; Trend Still Up
The National Association of Realtors reported that September pending sales of existing homes fell 4.6% from the prior month. Sales had risen 7.5% during August. Consensus expectations were for a slightly more moderate m/m drop. [...]
by:Tom Moeller
|in:Economy in Brief
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