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.
Posts Tagged ‘Economics’
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.
Wages have fallen sharply, retail sales miss again. Chinese bank lending plunges as do deposits. Japanese economy contracts significantly.
Job openings hit a 13-year high but trail hires. The banksters down FICO play medical debt and collections to keep the party going.
Standard and Poors figures that inequality is hurting the recovery. Bank of America faces another huge fine for fraudulent securities sales
Productivity increases in the 2nd quarter and unit labor costs fall. Revised Q 1 productivity crashes and labor costs jump.