BLS shows substantial price declines in durable goods last year. SF Fed reports anemic wages for college grads and a negative outlook.
Posts under ‘Daily Market Comment’
The official inflation rate remains low. Existing homes sales gain as do prices in June. Post bust business spending remains anemic.
Chicago Fed Index slips in June but remains positive. Commercial Real Estate prices gain in May. Inequality is decreasing?
No state has an unemployment rate over 8% in June. Leading economic indicators miss big. Imports turn up notably in the last 12 months.
BlackRock and Pimco sue the banksters for 250 billion over defective mortgage investments. Q 1 productivity fell 6%? Philly Fed jumps.
Stocks gain on mixed data. Real estate sales miss for a 6th consecutive month from a year ago in June, but prices keep going up.
Despite solid job gains Gallup reports that consumer spending fell in June, again part time jobs are not conducive to economic recovery.
June payroll growth breaks expectations with 288,000 new jobs, but most are part time. ISM services index slips, trade gap narrows in May.
Stocks finish the first half with decent gains as the S&P 500 gained 4.7% while the NASDAQ is up 5.5% since the beginning of the year.
Global instability increases. Pending home sales jump, but fall again on a year ago basis. Manufacturing comes in mixed.