In 2Q, the net worth of the US household sector improved 1.9% (9.4% y/y) to a record $49.8 trillion. The gain lifted net worth not to a historical high versus income, but the highest in four years (5.5 times). Household sector asset [...]
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| Sep 21 2005Households' Net Worth Improved Further in 2Q
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2005
Mortgage Applications Up
The total number of mortgage applications last week recouped all of the prior period's decline with a 1.5% increase, according to the Mortgage Bankers Association. Combined with a sharp gain earlier in the month, the rise lifted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 21 2005
Mortgage Applications Up
The total number of mortgage applications last week recouped all of the prior period's decline with a 1.5% increase, according to the Mortgage Bankers Association. Combined with a sharp gain earlier in the month, the rise lifted [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2005
Fed Funds Rate Increased to 3.75%
The Federal Open Market Committee increased the target rate for federal funds 25 basis points to 3.75%. The discount rate also was raised 25 basis points to 4.75%. This latest increase is the eleventh since June of 2004. The action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2005
Petroleum Prices: Supply Uncertainty & US Demand Strength
Supply uncertainties have wreaked havoc on prices for crude oil and petroleum products. As of last week, the US average retail gasoline price fell to $2.79 per gallon, down from the weekly high of $3.07 set two weeks earlier and the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2005
Weekly Chain Store Sales Down Sharply
The full effect of Hurricane Katrina pushed chain store sales down 2.1% last week, according to the International Council of Shopping Centers (ICSC)-UBS survey, after a slight 0.2% decline the prior week. So far this month sales are [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2005
Housing Starts Slipped in August
Housing starts slipped 1.3% last month to 2.009M units versus a downwardly revised 2.035M units in July.The drop outpaced Consensus expectations for a decline to 2.025M starts. Single-family starts inched 0.1% higher in this last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 20 2005
Fed Funds Rate Increased to 3.75%
The Federal Open Market Committee increased the target rate for federal funds 25 basis points to 3.75%. The discount rate also was raised 25 basis points to 4.75%. This latest increase is the eleventh since June of 2004. The action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2005
NAHB Housing Market Index Lowest in Over Two Years
The National Association of Home Builders' (NAHB) Composite Housing Market Index fell for the third straight month in September to 65 from an unrevised 67 in August. The latest was the lowest level since July 2003. During the last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2005
ECRI Leading Index: Down But Not Out
The leading index of the US economy published weekly by the Economic Cycle Research Institute (ECRI) fell during four of the last five weeks. The latest 0.4% w/w decline reflected, in part, the sharp rise in initial claims for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 19 2005
ECRI Leading Index: Down But Not Out
The leading index of the US economy published weekly by the Economic Cycle Research Institute (ECRI) fell during four of the last five weeks. The latest 0.4% w/w decline reflected, in part, the sharp rise in initial claims for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 16 2005
U.S. Current Account Deficit Improved
The US current account deficit improved last quarter but it was from a 1Q record that was revised deeper. The 2Q deficit of $195.7B amounted to 6.3% of GDP. Consensus expectations had been for greater improvement to $193.0B. The [...]
by:Tom Moeller
|in:Economy in Brief
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