Archive for November, 2012

Friday Funk: Cars & Shoes – by The Coup

Get your cool back for the weekend with this funky ode to shitty cars…

Why Holidays Are Best Time To Buy A Home

Tips for holiday home buyer deal making. Plus home price maps for San Francisco.

Fiscal Cliff Is a Molehill Compared to Entitlement Underfunding

If we don’t address entitlement spending, no other elements of this month’s fiscal cliff negotiations matter.

Comsumer Spending Down.

Personal Income and Outlays (October 2012) Personal Income – Month/Month +0.0% Consumer Spending – Month/Month -0.2% PCE Price Index — Month/Month 0.1% Core PCE price index – Month/Month 0.1% Personal Income – Year/Year  3.1% Consumer Spending – Year/Year 3.1% PCE Price Index — Year/Year 1.7% Core PCE price index – Year/Year 1.6% Some of the […]

Deceptive Headline GDP. Initial Jobless Still too High.

GDP (3rdQ2012 – second estimate) – GDP was revised from +2.0% to +2.7% – The GDP deflator (a measure of inflation) was 2.7%. The increase looks good until one looks inside.  According to BEA, GDP was made up of the following components: – real personal consumption was +1.4% compared with 1.5% in 2ndQ – Durable […]

The Fed’s Interest Rate Randomizing Drum (Stephen Colbert)

Stephen Colbert’s INSIDE Inside The Fed diagram, plus his take on the Fiscal Cliff.

Housing Recovery Far from “All in.”

New Home Sales (October 2012) New Home Sales (Seasonally Adjusted Annualized Rate) 368,000. Previous was 389,000. Mortgage Applications (week ended 11/23/2012) Purchase Index – Week/Week +3.0% Refinance Index – Week/Week -2.0% Composite Index – Week/Week -0.9% We have mixed messages: purchase applications are up and New Home Sales are down. While the fall in New […]

Rates Down Despite Wealth of Positive Data

Rates holding record lows despite lots of good economic data. Here’s a rundown.

Manufacturing in U.S. Weakens.

Manufacturing Chicago Federal Reserve National Activity Index (October 2012) – Index Level -0.56.  Previous was 0.00. Dallas Federal Reserve Manufacturing Survey (November 2012) This is a survey index of manufacturers in Texas. Business Activity Index was -2.9.  Previous was +1.8.  October had been the only positive month since June. These data further support the notion […]

It Ain’t Cool Being No Jive Turkey So Close To Thanksgiving

This Thanksgiving, enjoy the best holiday movie clip of all time. You’re welcome.

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