Get your cool back for the weekend with one of the great funk rock masterpieces - this one's dedicated to @reformedbroker.
October 2012
A close look at how consumer behavior impacts GDP.
A close look at how consumer behavior impacts GDP.
GDP (3rdQ2012) – Inflation Adjusted (real) GDP quarter/quarter was +2.0%. Note that this was subsequent to adjusting the previous quarter’s growth down to 1.3%. This is weak considering how far we are into a recovery. Later today I will be publishing here a piece by Rick Davis of Consumer Metric Institute which points out that BEA
Here's why Heavy Soul by The Black Keys is the official song of the Stocktwits community.
Good news for Jumbo MBS - lenders make borrowers source bank deposits of 25 cents!
Not much change since last meeting when QE3 was announced. Rates are a bit worse today.
New Home Sales (September 2012) – New Home Sales (seasonally adjusted annualized rate) – 389,000. Previous was 368,000 – The median price of a new home sold was down 3.2% which breaks a string of increases. A slow, steady increase in New Home Sales is a healthy sign but… MBA Mortgage Applications (week ended 10/19/2012)
If you like parsing the FOMC, then you’ll love playing Build Your Own Fed Statement!
If you like parsing the FOMC, then you’ll love playing Build Your Own Fed Statement!
ICSC-Goldman Store Sales (week ended 10/20/2012) Store Sales – Week/Week -0.7 % Store Sales – Year/Year 2.9% Redbook (week ended 10/20/2012) Store Sales Year/Year 1.3% The week/week dip in ICSC may be largely to do with gas prices. The Year/Year numbers are still indicative of modest growth. Richmond Fed Manufacturing Index (October 2012) Index
This pick is to make sure everyone knows who will win the World Series.
