Deflation remains a persistent threat, credit markets agree. IMF director Christine Lagarde faces a formal investigation for fraud.
Posts Tagged ‘Economics’
Durable goods orders jump but business spending slips. Goldman Sachs pays 3.15 billion to settle MBS fraud. Richmond fed gains.
Chicago Fed gains .18 to +.39 in July. New home sales miss again and prices fell last month. Flipping is losing its edge. Dallas Fed down.
The major averages gain for the week. Janet Yellen speaks in Jackson Hole and notes the still considerable labor market weakness.
Manufacturing data hits a 4-year high. Existing home sales rise as do prices. Bank of America pays a record 16.7 billion Dollar fine.
The major averages continue their low volume advance. Central banks want to increase rates but they can’t. China’s housing bust worsens.
Fannie Mae cuts its real estate sales and construction forecast again. July CPI matches expectations. Permits and Starts recover.
Jobs have exceeded there pre 08-09 crisis highs, but most states lag, California is unchanged. Home builder confidence increases.
Tensions flare in the Ukraine. Industrial production up. Producer Price Index comes in well below Fed target. Foreigners sell investments.
Import export price gains slip lower. Q-2 consumer credit decreases fractionally. Home sales slow in California. German economy shrinks.