Rick Davis

Fundamentals 10/12: Mortgage Apps, Consumer Outlook

MBA Mortgage Applications (week ending 10/7) -Purchase Index +1.3% -Refinance Index +1.3% -Composite Index +1.3% Consumer Metrics This is an analysis by Rick Davis of Consumer Metrics. Rick uses on-line spending as a leading indicator. “We continue to analyze our data in an effort to understand what recent on-line consumer behavior can tell us about

Is BEA GDP Data Bogus?

[By Rick Davis of Consumer Metrics Institute] The Bureau of Economic Analysis’s (BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 1.34%, an upward adjustment from their previous data. The new growth number was .36% higher than the number reported last month for the same quarter. It is

Is BEA GDP Data Bogus?

[By Rick Davis of Consumer Metrics Institute] The Bureau of Economic Analysis’s (BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 1.34%, an upward adjustment from their previous data. The new growth number was .36% higher than the number reported last month for the same quarter. It is

Consumer Metrics’ Rick Davis Explains Just How Bad Economy Really Is

Just over a year ago I discovered the Consumer Metrics Institute. What I liked about is was that it provided another way of measuring the economic health of the nation. Consumer Metrics recognizes that many “leading indicators” are simply useless. It focuses on the consumer and measures what the consumer is doing virtually in real