Middle East, North Africa Concerns Rise: Chinese Auto Sales Lower: The crisis in the Middle East and North Africa has added more concerns abot the effects of oil on the U.S. economy short term. The Nasdaq has been weak and we are looking to see if tech stocks will rebound although they have gained more…
The U.S. Department of Energy Releases Summer Oil, Gas Forecast: Energy Information Administration’s monthly Short-Term Energy Outlook. The U.S. Department of Energy released a forecast for oil prices this spring and summer. The price at the pump is expected to average $3.70 per gallon this spring and summer while a barrel of oil will average…
Oil Touches $107, Dow Transports Turn Oil Economics: Can the recovery continue with high oil prices? Stocks fell as oil prices rose in late trading today (3 pm EST). The Libyan crisis and the rest of the Middle East, North Africa in turmoil continue to make headlines. As oil rises the economy seems to shrink…
Mortgage Rates & Bond Yields Drop: The Importance of the Housing Sector In the New Recovery. The average rate for a 30-year fixed mortgage fell last week. Freddie Mac reported Thursday (March 3, 2011) , 30 year loan rates fell from 4.95 percent to 4.87 percent. Treasury bonds yields also dropped last week and concerns…
Government Shutdown Extension Until March 18, 2011: The Effects of More Extensions. The Federal government shutdown set for March 4 was averted and there has been an extension until March 18. President Obama may be willing to bridge the gap between his Republican counterparts and come to a solution to the budget crisis. The continued…
Employers Are Hiring, Unemployment falls to 8.9%, Oil Stabilizes Near $105 – China & the U.S. Growth Employers Are Hiring – 192,000 Jobs Added: Employers are hiring. We have been positive on the economy for weeks and the data continues to support our findings. The unemployment rate finally fell below 9 percent to 8.9 percent…
Jobless Claims at 3 Year Low, Ben Bernanke & The Beige Book: Initial jobless claims fall – again. The number of people filing for unemployment benefits fell to a 3 year low. We have been expecting “spurts” of this type to occur and initial jobless claims are a leading indicator that the unemployment tide is…
U.S. Car Sales Up 27 percent, Retail Sales Also Increase: The economy may be moving at a slow pace but this isn’t stopping consumers from purchasing automobiles. U.S. car shoppers came to dealerships in droves to get deals on new automobiles. Car manufacturers made prices attractive by adding incentives and keeping prices low. AP reports…
China’s Consumer Price Index rises in January by 4.9 percent. China’s Consumer inflation rate rose to 4.9 percent in January from 4.6 percent in the prior month. High food prices have caused the inflation rate to hit 2 year highs and this has some worried about the global nature of food prices. The Effects of…
