There is a good WSJ article today that wraps up the final days of the Berlusconi administration chronicling the role of Angela Merkel. ‘Deepening Crisis Over Euro Pits Leader Against Leader.’ If you have not read it yet, or heard this [...]
Global| Dec 30 2011
What Comes Around Goes Around...And Around
Global| Dec 29 2011
U.S. Pending Home Sales Surge Again
The National Association of Realtors (NAR) reported that pending sales of existing single-family homes surged further by 7.3% in November after October's 10.4%. The index level (2001=100) reached 100.1, the highest since April 2010. [...]
Global| Dec 29 2011
U.S. Initial Unemployment Claims Turn Up in Dec 24 Week
Initial claims for unemployment insurance rose back to 381,000 in the week ended December 24 from 366,000 the week before (revised from 364,000). Expectations had been for a smaller rise to 374,000 in the Action Economics survey. [...]
Global| Dec 28 2011
U.S. Case-Shiller Home Price Index Extends Decline
House prices remain weak. The seasonally adjusted Case-Shiller 20-City Home Price Index dropped 0.6% during October following a slightly revised 0.7% decrease in September. Among the 20 cities, only four, Charlotte, Denver, Tampa and [...]
Global| Dec 28 2011
U.S. Case-Shiller Home Price Index Extends Decline
House prices remain weak. The seasonally adjusted Case-Shiller 20-City Home Price Index dropped 0.6% during October following a slightly revised 0.7% decrease in September. Among the 20 cities, only four, Charlotte, Denver, Tampa and [...]
Global| Dec 28 2011
U.S. Consumer Confidence Reaches High Since April
The Conference Board's Index of Consumer Confidence gained again for December, adding 9.3 points to 64.5 (seasonally adjusted, 1985=100) and suggesting that November's 14.3-point surge was not a fluke. Consensus estimates had looked [...]
Global| Dec 23 2011
U.S. New Home Sales Increase But Average Price Lowest Since 2003
Total new home sales rose 1.6% last month to 315,000 (AR). The rise followed an unrevised 1.3% October gain but September's increase was raised sharply to 5.5%. Sales roughly matched Consensus expectations for 312,000. Sales continue [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 23 2011
U.S. Durable Goods Orders Rise As Aircraft Soars
New orders for durable goods increased 3.8% last month following little change during October, initially reported as -0.7%. Transportation orders jumped 14.7% (28.3% y/y) as orders for aircraft & parts rose by more-than-one half [...]
by:Tom Moeller
|in:Economy in Brief
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