Posts under ‘Audio’

April ISM Manufacturing Index gains 1.4 points to 54.8. Data from CoreLogic shows that the expected foreclosure boom is a no show through the 1st quarter.

Spain joins the recession crowd in Europe. Chicago PMI and Dallas Fed both fall more than expectations. 5 banks failed Friday the year to date total is 22.

Advance 1st quarter GDP posts a big miss at 2.2%. Muni defaults increase nearly 5-fold in 2011 to 25.4 billion, 2012 is already running twice the year ago rate.

The CFNAI falls hard in March to -.29. Only 41% of the jobs lost in this recession have been recovered, construction remains particularly hard hit.

Durable goods orders plunge 4.2% in March. the TARP program remains 119 billion in the red at the end of the first quarter despite claims of profitability.

The bloom seems to have come off Apple as it falls again. New home sales miss in March. Case/Schiller reports a new post bust low for real estate prices.

The IMF figures world GDP growth at 3.5% this year and 4.1% in 2013. Yet they expect the US and Europe to grow just .9% this year, optimistic to say the least.

1st quarter S&P 500 earnings are off to a strong start with the beat rate running 72%. The recession continues for the 46.5 million on SNAP and the unemployed.

March existing home sales fall 2.6%, the median price gained 2.5%. The state of Louisiana hits MERS with a RICO suit alleging fraud for not paying county fees.

The SF Fed figures that credit crisis induced recessions aren’t your garden variety figuring that GDP estimates and inflation both need to be revised lower.