Chinese stimulus boosts stocks in early trade. Poverty rate falls fractionally. 20% of Americans dependent on credit to make ends meet.
Posts under ‘Daily Market Comment’
Industrial production falls, NY Fed jumps. OECD cuts 2014 economic growth estimates. America. California real estate markets deteriorating.
The major averages fall for the week. Import and export prices drop again, Retail sales jump. Credit card debt gains.
Unemployment claims, foreclosure activity up. Census says Q 2 services activity increased, Goldman Sachs says Q2 economic activity higher.
Wholesale inventories miss big in July and Q3 economic growth gets cut. Home prices continue to increase, but the trend is rolling over.
Consumer credit jumps again. ISDAFix interest rate rigging scandal gets referred for criminal prosecution, but will it be.
Japan’s economy goes from bad to worse with a 7.1% decline in economic activity. Real estate sales continue to slip as inventory grows.
August employment report misses substantially, details belie the recovery theme, 6.1% unemployment, lack of qualified employees.
ISM Services Index hits a 9-year high. Trade deficit slips. Auto sales jump. Gallup economic confidence index isn’t. Payrolls tomorrow.
Factory orders jump by a record. Fed’s Beige book more of the same. Real estate prices increase, but the rate slows. Auto sales strong.