/ , , /

Housing Hits a Wall

Usually I don’t bother commenting on the monthly report of pending home sales, but today’s news that the index of activity maintained by the National Association of Realtors dropped by 16% in November is noteworthy. This is simply due to the fact that such a dramatic one month drop reveals to us all the distortion […]

/ , , , , , , /

Thoughts on a Mixed Bag: Manufacturing and Construction

A brief update on today’s data: Manufacturing. The Institute for Supply Management released its monthly survey of manufacturers today. Its index of activity now stands at 55.9% up from 53.6% the prior month. Be aware that this data is a little old – the latest month reported is November – but clearly the industrial sector […]

/ , , , , /

Bernanke Speaks

The American Economic Association is currently having a big shindig in Atlanta. Amongst the main speakers is Ben Bernanke whose comments have, naturally, attracted much attention. Not only is he up for re-appointment at the Fed, but the Fed itself has become the target for much post-crisis criticism. What he has to say, therefore needs […]

«< 421 422 423 424 425 >»