Nominal personal income fell 0.7% in July after gains of 0.1% and 1.8% during the prior two months. Those increases were lifted by $90B from the government's tax rebate checks. The June drop in personal income exceeded Consensus [...]
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| Aug 29 2008U.S. Income Fell Without the Stimulus Checks
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2008
U.S. Initial Unemployment Insurance Claims Dipped
Initial claims for unemployment insurance dipped last week to an expected 425,000 from 435,000 during the prior week. The latest was the third decline in as many weeks. A program to locate people eligible for jobless benefits may have [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2008
U.S. 2Q'08 GDP Growth Revised Sharply Higher
U.S. real GDP growth during 2Q '08 was revised sharply higher to 3.3% from the advance estimate of 1.9% growth. Last quarter's growth was the quickest since the third quarter of last year and it was faster than Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 28 2008
U.S. 2Q'08 GDP Growth Revised Sharply Higher
U.S. real GDP growth during 2Q '08 was revised sharply higher to 3.3% from the advance estimate of 1.9% growth. Last quarter's growth was the quickest since the third quarter of last year and it was faster than Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2008
U.S. Durable Goods Orders Surged Again
For the second month in a row, new orders for durable goods jumped 1.3%. Last month's increase was led by a surge in orders for commercial aircraft, and the June gain in total orders was upwardly revised. Consensus expectations had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 27 2008
U.S. Durable Goods Orders Surged Again
For the second month in a row, new orders for durable goods jumped 1.3%. Last month's increase was led by a surge in orders for commercial aircraft, and the June gain in total orders was upwardly revised. Consensus expectations had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2008
OFHEO House Price Index Down 4.8% Y/Y
The index of U.S. house prices from the Office of Federal Housing Enterprise Oversight (OFHEO) was roughly unchanged in June and prices were down 4.8% from a year earlier.
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2008
Case-Shiller Home Price Index Down 15.9%
The S&P/Case-Shiller Composite 20 home price index during June fell 0.5% from May after a revised 0.9% drop during that month. Since the peak in July 2006 prices have fallen 18.8% and by 15.9% during the last twelve months. The series [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2008
U.S. New-Home Sales Off By Two-Thirds from Peak
Sales new single-family homes in July rose 2.4% to 515,000. The increase, however, merely recovered a 2.1% fall during June which was deeper than estimated initially. The level of sales in July was down 62.9% from the July 2005 peak. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2008
Consumer Confidence Up in August
The Conference Board reported that consumer confidence rose a surprising 9.6% this month after a moderate 1.8% July gain. The rise contrasted with Consensus expectations for just a modest increase. The increase was fueled by a 23.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2008
U.S. Chain Store Sales Ticked Up
According to the International Council of Shopping Centers, chain store sales ticked up 0.2% last week after the 0.1% rise during the week prior. So far in August sales are up 0.2% from the July average after that month's 0.5% rise.
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 26 2008
U.S. Gasoline Prices Fell Further
The pump price for a gallon of regular gasoline fell another six cents last week to $3.69 per gallon, according to the U.S. Department of Energy survey. The price has now fallen by 43 cents, or 10.4%, from the peak in early July. [...]
by:Tom Moeller
|in:Economy in Brief
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