Advance 3rd quarter GDP +3.5%, price index +1.3%. unemployment claims 4-week moving average hits a 14-year low.
Posts under ‘Daily Market Comment’
Fed leaves rates unchanged, ends asset buying, promises low rates. Detroit’s pension consultant gets sued for incompetence and negligence.
Home price gains continue to slow, Residential vacancy mixed. Durable Goods Orders fall for a 2nd month. Richmond Fed jumps.
QE ends. Dallas Fed and Pending Home Sales no real change. 25 Euro banks fail the latest stress test. Chinese consumer spending struggles.
Major averages jump this week. Existing Homes sales miss, revised down. Financial engineering chokes IBM. China’s real estate bust worse.
CPI remains muted. Mortgage activity increases as rates fall. Ocwen gets caught backdating letters and abusing its mortgage clients.
Existing home sales jump. Mortgage credit standrds to be lowered? Bankster FOREX rigging fines 41 billion? I’ll believe it when I see it.
IBM misses big. CoreLogic notes that mortgage credit is very tight. What about debt and income? The Fed borrows way more than the deficit.
Markets made strong gains on Friday but negative since Monday. Housing permits and starts came in mixed. California unemployment rate 7.2%.
Foreclosure activity gains, 1st time in 3-years. Philly Fed and NAHB fall. Industrial production jumps. Unemployment hits a 14-year low.