2007-12-27 US Economic Releases
MBAVPCH Index MBA Mortgage Applications (Dec 21) Survey n/a Actual -7.6% Prior 19.5% Revised n/a Goes down this time every year and bounces back early
December 27, 2007
MBAVPCH Index MBA Mortgage Applications (Dec 21) Survey n/a Actual -7.6% Prior 19.5% Revised n/a Goes down this time every year and bounces back early
Falling deficits in general in the Eurozone due to the growth rate of GDP combined and the countercyclical tax structure. Aggregate demand from non government
Give Saudi/Russians comfort that they can keep hiking. And markets say Fed will keep ‘accommodating’. So much for higher prices curbing demand! DJ US Gasoline
Looks like markets are still trading with the assumption that as the Saudis/Russians hike prices the Fed will accommodate with rate cut. That’s a pretty
S&P/Case-Shiller Home Price Index (Oct) Survey n/a Actual 192.9 Prior 195.6 Revised 195.7 S&P/CS Composite-20 YoY (Oct) Survey -5.7% Actual -6.1% Prior 4.9% Revised n/a
Note how the ‘soft spot’ in govt. spending corresponds to the softening in domestic demand. Fortunately exports have been expanding sufficiently to sustain reasonably high
CNBC just had a session on trying to reconcile high gdp with large credit losses. Seems they are now seeing the consumer clipping along at
(an email and an article) On Dec 23, 2007 5:37 PM, Russell Huntley wrote: > > > > For a very bearish take on the
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(an interoffice email) On 12/21/07, Pat Doyle wrote: > > > > It is becoming apparent that the funding pressures for year end are ebbing.