A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
Read More »
A Greek opinion poll showed the Syriza party, which is opposed to implementing Greece’s international financial rescue, building on its lead in voter support ahead of elections to be held June 17. Syriza had 30 percent support, compared with 28 percent a week earlier, according to a Public Issue poll presented on Athens-based Skai...
Read More »
Globe and MailAsian Stocks Fall as European Leaders Discuss CrisisBloombergAsian stocks fell, with the regional benchmark index dropping for a second day, as European leaders meeting in Brussels clashed over how to fight the region's debt crisis an...
Read More »
Treasuries Investors Reduce Bullish Bets, JPMorgan SaysBloombergUS Treasuries investors cut bets the securities will advance, and raised neutral and short positions this week, according to a weekly survey by JPMorgan Chase & Co. The percent of “n...
Read More »
Fuel Economy Tops US Auto Buyers' Wants, Consumer Reports SaysBloombergAutomobile owners in the US see fuel economy as the leading element they will consider in purchasing their next car, according to a survey by Consumer Reports. Of 1702 car owner...
Read More »
Philadelphia Fed Manufacturing Index Decreased to -5.8 in MayBloombergThe Federal Reserve Bank of Philadelphia's general economic index decreased to minus 5.8 in May from 8.5. Economists forecast the gauge would rise to 10, according to the median ...
Read More »
Investors want to see more stimulative fiscal policies from governments around the world, due to more fears about the Greek economy, according to the latest BofA Merrill Lynch survey of global fund managers. A net 23% of investors surveyed earlier this month said fiscal policy is “too restrictive,” up from a net 11% in...
Read More »
USA TODAYOil Falls for Third Day as U.S. Stockpiles Seen Rising in SurveyBloombergOil fell from the lowest settlement in almost five months in New York before reports that may show US crude stockpiles rose to the highest level in 21 years and Europe...
Read More »
Press Release MBAA WASHINGTON, D.C. (May 2, 2012) — Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 27, 2012. The Market Composite Index, a measure of mortgage loan application volume, increased 0.1 percent on a...
Read More »
Let’s play “guess the nonfarm payrolls.” After all, our guess is as good as the conomists’, whose forecasts nicely fit a random distribution of hits and misses month in and month out. My guess? The headline non farm payrolls number would be reported as a drop of 337,000 tomorrow if you believe the withholding...
Read More »
In the consumer economy, gasoline demand has strangely collapsed. I have always felt this was a solid indicator of consumer behavior, and still do. At a core level I sense that in reality the consumer is MIA. As you can see the normal seasonal pickup in driving is barely registering. At the same time a...
Read More »
The mainstream media proclaimed an unexpected “beat” of the first time unemployment claims number today. The fake, seasonally fudged number dropped to 358,000 in the week ended February 4. According to Bloomberg, the consensus of economists’ expectations was for 370,000. Aside from the fact that whether economists get a forecast right or not seems...
Read More »
Wednesday, August 31, 2011
MBA: Mortgage Purchase Activity "near 15-year lows"
by CalculatedRisk on 8/31/2011 07:13:00 AM
The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey
The Refinance Index decreased 12.2 percent from the...
Read More »
NEW YORK (CNNMoney) -- When the unexpected strikes, most Americans aren't prepared to pay for it.
A majority, or 64%, of Americans don't have enough cash on hand to handle a $1,000 emergency expense, according to a survey by the National Foundatio...
Read More »
I was riding high in April, shot down in May. Watching that mighty river of real estate sentiment, Zillow.com, I found recently that my accidental-landlord house in Virginia had picked up a cool 15 percent in value since January.
Why? Sentiment, ba...
Read More »
The conventional wisdom is that young people today are inured to the idea that they will change jobs repeatedly over their careers, and that because of that, they don't really think much about pensions. But it turns out that the conventional wisdom ...
Read More »
Extreme bullish sentiment does not bode well for the markets. Check out this piece from the SeekingAlpha website...
This week's AAII sentiment survey is out, and the bullish sentiment is out of this world: 63% bullish and only 16% bearish, for a bull...
Read More »
Over the years I have frequently pointed out what a stupid indicator the Conference Board’s Consumer Confidence indicator is, at least when it comes to the stock market. It’s like a dog chasing its tail. The Con Con, you see, follows the market. Then, each and every month for a half hour or so...
Read More »
This week's American Association of Individual Investors sentiment survey reported the level of individual investor bearishness hit 70.27 percent. This is the highest bearishness level report by AAII since it began tracking investor sentiment in 1987 when the bearish sentiment reached 67 percent in 1990.
Read More »
Twitter links powered by Tweet This v1.8.3, a WordPress plugin for Twitter.
Recent Comments