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Posts Tagged ‘ Commerce Department ’
Weak income curbs consumer spending
Weak income curbs consumer spending
On Friday September 30, 2011, 9:08 am
WASHINGTON (Reuters) - Incomes fell for the first time in nearly two years in August and consumers dug into their savings to keep spending, according to a government report tha...
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Fed Mirages Have Media Seeing Things
Today’s report on factory orders is just another example of why all media reported data must be taken with a grain of salt. Here’s how Marketwatch put it. “Orders for goods produced in U.S. factories rose 2.4% in July, the Commerce Department reported Wednesday. Economists surveyed by MarketWatch expected orders to rise a seasonally...
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Is Deflation Back?
Deflation has returned.
For the first time in a year, consumer prices fell in June, according to a new report from the Commerce Department released Tuesday. The price decline was driven by energy declines, and is just one month’s data point, but e...
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U.S. Economy Slows Sharply in First Half of Year
WASHINGTON (AP) -- The economy expanded at meager rate of 1.3 percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday.
The combined growth for the first six month...
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U.S. May trade gap widens to $50.2 billion
July 12, 2011, 8:47 a.m. EDT
U.S. May trade gap widens to $50.2 billion
Deficit driven by higher oil imports; biggest gap since fall 2008
By Jeffry Bartash, MarketWatch
WASHINGTON (MarketWatch) — The U.S. trade deficit jumped 15.1% in May to the ...
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U.S. Government Spending is the Biggest Threat to Economic Recovery
A handful of factors threaten the strength of the U.S. economic recovery this year, like U.S. government spending and high unemployment, leading many to wonder just how well the country's economy will fare in 2011.
The U.S. Commerce Department reported last month that U.S. gross domestic product (GDP)...
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Housing Prices Rise In Response to Reduced Supply, Higher Employment
No, this is not an April Fools joke. In a surprising turn of events, listing prices rose sharply in March. It could be a case of hope springs eternal, but may also be a result of less foreclosure inventory on the market and a strong gain in total employment in March. The reduction in...
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New Home Sales Break All Time Record!
New home sales came in at 19,000 units in January. according to the Commerce Department. This is the lowest monthly level of sales in recorded history. The government began taking the survey in 1963. In contrast, sales in January 2005 were 92,000 units...
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The Housing Recovery LIE – Professional Edition
The lagged data from the worst housing indicator in the world, Case Shiller, came out this week, following last week’s release of existing home sales closings in December. Also out this week, the Commerce Department’s Report on new home sales, and the NAR’s data on sales contracts. The Case Shiller data is still catching...
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How To Fall From Near Zero- Slowly – Professional Edition
Mortgage applications remained moribund this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. New homes sales data released by the Commerce Department today shows builder sales at new record lows. The housing industry remains in a...
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Housing Starts Suggest Inventory Build- Professional Edition
Mortgage applications turned lower this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. December homebuilder survey data released today also shows no movement off rock bottom levels. Likewise for November housing starts, although the media, as...
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A Stake Through The Heart
Well, I guess I nailed that one... Heh heh. Sort of, anyway. Here's what I wrote in last night's Professional Edition Housing Update-
QuoteTomorrow’s Commerce Department new home sales data should be very weak. According to Econoday and Briefing.com...
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Sour Housing Notes
The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. The Mortgage Bankers Association’s Mortgage Applications index announced Wednesday did a belly...
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Retail Bull
The Wall Street media was in a frenzy over the “better than expected” news on retailing from the Commerce Department on Friday. It’s all a matter of perspective. Yes, the data was up strongly month to month, and yes, it was higher than last November when the economy seized up following the stock market...
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U.S. Economic Growth: GDP Minus the Federal Deficit
April 28, 2011 Guest Commentary by Randy Degner Note from dshort: A few days before today's publication of the Q1 2011 advance GDP estimate, I received an email that eloquently expresses a widely held view of Gross Domestic Product — namely ...
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