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…
July Jobless Claims Down But June 2012 Foreclosures Up, World Central Banks Ease – Cut Rates: Jobless claims dropped by levels not seen in several months as less Americans applied for unemployment benefits. Initial jobless claims fell by 26,000 to a seasonally adjusted 350,000 the Labor Department said today. The fall in initial jobless claims brought…
June 2012 Unemployment Report Shows Dismal 80,000 New Jobs Added: June 2012 jobs growth was exceptionally low. May 2012 unemployment came in at 69,000 and June followed the lackluster growth with and addition of 80,000 new jobs added. We believe this increases the likelihood the Federal Reserve Bank will add more liquidity in the financial…
The June 2012 Unemployment Report Is The Most Important Data Point That Could Lead To QE3: Last time we told our readers to stay focused on an unemployment report, markets fell sharply after the news was announced. Since then an extended ‘Operation Twist’ occurred which we predicted, China lowered interest rates for the first time…
Jobless Claims At Highest Level in 2012, GDP Unchanged, Obamacare Ruled Constitutional While EU Summit Silent, QE3 More Likely: Jobless Claims Remain At 2012 Highs Jobless claims news came in as no surprise to economic data watchers and remains at the highest levels of 2012 set in April at 386,000. The prior week’s reading was…
