Forces on money markets that were quite severe just a few weeks ago look to be letting up. There are still reasons for concern, but the most current information about the markets' behavior seems to portray some remission of August's [...]
Global| Sep 28 2007
Money Markets: Has the Crisis Passed?
Global| Sep 28 2007
The German IFO Index Shows a Broad Weakening
The German IFO Index shows a broad weakening in its various sector indexes. Like the EU index, the decline though broad is also slow. The business expectations index is now only in the top one-third of its range the current situation [...]
Global| Sep 28 2007
EU Growth and Inflation Conditions
Sentiment fell across the EU region in September. The drop was widespread but not severe. Consumer sentiment had the lowest absolute reading but retail sentiment fell the most in September, dropping by five points. Construction [...]
Global| Sep 28 2007
Chicago Purchasing Managers Survey Ticked Up
The Chicago Purchasing Manager's Association reported that its August business barometer ticked up to 53.8 after the 6.8 point collapse during July. The figure remained well below the highs of earlier this year. During the last ten [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 28 2007
U.S. Construction Spending Recovered A Bit
The value of construction put in place recovered 0.2% last month following a 0.5% drop during July. The rise topped consensus expectations for another decline of 0.5%. Strength in public construction spending again provided much of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 28 2007
U.S. Personal Income Rise of 0.3% Missed Expectations
Personal income rose 0.3% in August after an unrevised 0.5% July increase. The latest rise lagged Consensus forecasts for a 0.4% gain and it was the weakest monthly increase since April. Much of the weakness in last month's income [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 28 2007
U.S. Personal Income Rise of 0.3% Missed Expectations
Personal income rose 0.3% in August after an unrevised 0.5% July increase. The latest rise lagged Consensus forecasts for a 0.4% gain and it was the weakest monthly increase since April. Much of the weakness in last month's income [...]
by:Tom Moeller
|in:Economy in Brief
Currency rates are after all the price of one money in terms of another. But currency values are not simply determined by the size or growth in relative money stocks. EMU money supply is now growing faster than the US money supply [...]
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