Economy in Brief: 2007

Existing home sales fell sharply in March but only after a similar sharp ramping up over the previous two months. The moving average of sales tells a better story falling by only a modest amount in the month. Meanwhile, home prices [...]

Existing home sales fell sharply in March but only after a similar sharp ramping up over the previous two months. The moving average of sales tells a better story falling by only a modest amount in the month. Meanwhile, home prices [...]

Mortgage lending data for the United Kingdom compiled by the Council of Mortgage Lenders (CML) and the Building Societies Association (BSA) were released today. In addition to building societies, the CML includes banks and others [...]

The index is not a leading index for activity. It was not even declining ahead of the 1973 recession, for example. But the Chicago Fed sees a different role for this index. On its web site the Chicago Fed says this: ‘The 85 economic [...]

The index is not a leading index for activity. It was not even declining ahead of the 1973 recession, for example. But the Chicago Fed sees a different role for this index. On its web site the Chicago Fed says this: ‘The 85 economic [...]

UK retail sales rose 0.3% in volume in March, according to ONS data reported today. This followed a 1.6% jump in February, revised from 1.4% reported initially and more than recouping a 1.5% drop in January. At least one forecast [...]

UK retail sales rose 0.3% in volume in March, according to ONS data reported today. This followed a 1.6% jump in February, revised from 1.4% reported initially and more than recouping a 1.5% drop in January. At least one forecast [...]

Gasoline prices are rising inexorably, surpassing $3.00/gallon in some high-tax areas by last week, and almost certainly due to cross that line imminently for the nation as a whole. In the week ended this past Monday, April 16, [...]