U.S. GDP Second Quarter 2012 Falls To 1.5 Percent, July Consumer Sentiment Hits Year Low, Has The Recent Bond Bubble Burst? The U.S. economy grew at a lulling rate of 1.5 percent for the second quarter of 2012 the Commerce Department said today. This is a decrease from the 2 percent rate of growth in the…
Slew Of Bad Data: June 2012 Existing Home Sales, LEI – July 2012 Philly Fed, Jobless Claims; Is QE3 Ready Yet? Existing Home Sales Fall by 5.4 Percent Existing home sales fell by 5.4 percent month over month, the National Association of Realtors said today as real estate investors focused on high-end properties that are…
June 2012 Retail Sales Slow For Third Straight Month: Now it definitely isn’t a seasonal issue. The U.S consumer is tapped out. After 41 straight months of unemployment rates above 8 percent and stalling income growth, the average spender is holding back. Retail sales for June 2012 came in below estimates at 5 percent lower…
Does Continued High Unemployment Make Romney A Shoo-In? Not necessarily – but it does improve Romney’s Chances. Yesterday’s unemployment report showed the U.S. economy is still in slow recovery mode but teetering on the brink of another recession. If elections are about jobs and voting one’s wallet, the consecutive months of abysmal jobs numbers are…
June 2012 ISM Shows Manufacturing Slowed For First Time Since 2009: The U.S. economy showed further signs of weakness today. U.S. manufacturing declined significantly in June 2012 to levels that indicate the economy is contracting after nearly three years of expansion. According to the Institute for Supply Management, domestic manufacturing fell from a May reading…
