From the monthly archives:
The latest new home sales figures for October have been released. Here is what they showed: * New home sales dropped 5.3% to a seasonally adjusted annual rate of 433,000 from a downwardly revised 457,000 in September (originally reported as 464,000). That was slightly worse than the forecast for a reading of 441,000, and the lowest [...]
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We just got a big batch of economic data, and most of it doesn’t look good — though it’s not exactly a surprise on Wall Street. A quick recap:
* Durable goods orders plunged 6.2% in October, more than twice the forecast for a 3% drop and the biggest decline since October 2006 (-8.3%). If you [...]
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There’s a great story at the Washington Post today about the interplay between retail spending and retail hiring. Specifically, the Post notes that because the holiday shopping season looks so grim, retailers aren’t doing much of the seasonal hiring they typically do this time of year. More below …
“This is the time of year when [...]
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That’s a question I’m seeing more people ask, and for good reason. Bloomberg News has been on a little bit of a crusade to find out what the Fed is doing with our money, for instance, and I for one hope they gain some traction. See the following excerpt:
“Members of Congress, taxpayers and investors urged [...]
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Another day, another batch of dismal economic data. This time it’s the ISM Manufacturing index. It came in at 38.9in October, down from 43.5 in September and below forecasts for a reading of 41. That’s the worst ISM reading going allthe way back to September 1982. In case you’re wondering, the worst reading ever (my [...]
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