The Fed maintained the status quo in its decision last week, which means that it will continue to pump $25 billion per month through the trading accounts of the Primary Dealers via its MBS purchase program. That number could increase modestly later this summer as a result of the latest mortgage refi mini boom driven…
Tag Archive for Us Housing Market
Charts, Economics, Email Bulletins Archive, Lee's Free Thinking, Must Read
Euro crisis hits Global Profits says Bloomberg, but June US tax collections hit 4 year record
by Lee Adler • • 2 Comments
Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a 4 year record. Europe’s debt crisis is putting pressure on corporate earnings globally with companies from Procter & Gamble Co. (PG) to Danone (BN) cutting forecasts and signaling profits will…
Liquidity Trader, Professional Edition
Federal Government Doing “Just Fine,” But Treasuries Losing Popularity
by Newswires • • 0 Comments
There are a dozen bullet points in today’s Treasury Update. Here are the first 5. Month to date tax collections for the period ended June 21 were running way ahead of last year, while outlays were flat, suggesting the economy may be picking up steam again just when the universal consensus was that it was…
Charts, Economics, Housing, Latest Business Headlines, Lee's Free Thinking, Must Read
Latest Lagging Government Housing Index Confirms New 12 Month High In Median US Home Price
by Lee Adler • • 0 Comments
FHFA Press Release- Washington, DC – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 1.8 percent increase in March was revised downward to reflect a 1.6 percent increase. For the 12 months ending in April, U.S.…
Liquidity Trader, Professional Edition
Macroliquidity Still in Pause In Uptrend
by Newswires • • 0 Comments
The Fed will decide on Wednesday whether, and by how much, it will increase the rate at which it pumps cash through Primary Dealer trading accounts. What it decides will have an impact on how fast stocks are likely to advance, and how soon that advance will end. A new program of QE that adds…
Housing News, Lee's Free Thinking
Home Sales and Prices Continued Their Rise and Listing Inventory Continued Decline Last Week
by Lee Adler • • 0 Comments
The 30 day moving average of US house sales showed prices and volume continuing to rise in the week ended June 14 in data reported by Dataquick. There were 198,090 sales recorded for the period, versus 194,965 for the period ended June 7, which was 8.2% higher than the year ago period. Median sale prices…
Liquidity Trader, Professional Edition
Headwinds are Building and Bullets are Flying For Treasuries
by Newswires • • 0 Comments
This report presents and discusses a dozen key bullet points for the Treasury market, and indirectly, stocks. Here are the first 5. Suddenly Treasury supply higher than TBAC forecast supply and there are signs that will continue. Indirect bids falling sharply on 4 week bills and long term paper. Foreign and international account purchases at…
European Crisis, Must Read
EU Smiled While Spain’s Banks Cooked the Books, and Now We’re Surprised?
by Newswires • • 0 Comments
…back in 2008 and early 2009, Spanish regulators were riding high after their country’s banks seemed to have dodged the financial crisis with minimal losses. A big reason for their success, the regulators said, was an accounting technique called dynamic provisioning. By this, they meant that Spain’s banks had set aside rainy- day loan-loss reserves…
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Easing Inflation Pressures Suggests Fed Might Ease But Wonks In The Basement Say No!
by Newswires • • 0 Comments
Consumer prices are stabilizing… Recently, oil prices have tumbled and core inflation — which excludes volatile food and energy prices — has flattened out, with prices settling about 2.3% higher than a year ago. Easing price pressure should give some comfort to Federal Reserve officials before next week’s policy meeting. via Vital Signs: Easing Inflation…
Charts, Economics, Lee's Free Thinking, Must Read
Retail Sales Per Capita had biggest gain in 21 years in May
by Lee Adler • • 0 Comments
This report is an excerpt from the permanent Retail Sales Chart Page. See that page for more charts and discussion. That page will be updated whenever new data is released. Bookmark that page for future reference. Real Retail Sales Ex Gasoline Per Capita Helped by the drop in CPI in May, Real Retail Sales Ex…
