As Washington D.C. debates tax cuts and how to curb spending, the November U.S. federal budget deficit hits the highest level on record in one month. Some of this rise is due to calendar irregularities but nominally, this has a negative impact on long term growth. The debate about how much taxes cost may ignore how much actual spendin [...]
November U.S. Federal Budget Deficit ...
As Washington D.C. debates tax cuts and how to curb spending, the November U.S. federal budget deficit hits the highest level on record in one month. Some of this rise is due to calendar irregularities but nominally, this has a negative impact on long term growth. The debate about how much taxes cost may ignore how much actual spendin [...]
Labor Department: Unemployment Benefi...
Labor Department: Unemployment Benefits Claims Fall Again
Jobless benefit claims dropped again last week to the 2nd lowest level this year which is new data that shows companies are “less willing to fire”. Before unemployment can decrease significantly, firms need to have comfort that the have the right capital and labor mix. F [...]
Consumer Credit Climbing: The Impact ...
Consumer Credit Climbing
Credit Card Spending Down – Non-Revolving Credit Expanding
The Impact on Holiday Retail Sales:
Consumer credit climbed for the month of October due to increased efforts to obtain lines of non-revolving credit such as student loans. Consumer credit rose 1.7 percent in October. This rise was caused mostly by lo [...]
All Tax Cuts to Be Extended – J...
All Bush Tax Cuts Extended – Long Term Jobless Benefits Analysis
The news broke yesterday that stimulative monetary and fiscal policy will be prevalent in the U.S. economy. President Obama spoke yesterday and stated that all tax cuts would be extended for the next 2 years. At Tory Capital, we believed this result was coming and perhap [...]
Tax Cuts and Jobless Benefits Deal Co...
Has a deal been reached?
Markets Await News: Tax Cuts and Jobless Benefits Deal Coming?
Taxes are making front page news again as the GOP and Democrats near a deal on taxes and jobless benefits. The tax cut deadline is quickly approaching and a solution may be coming from Washington soon. Will all tax cuts remain in effect or tax cuts for t [...]
Economic Data To Watch: Jobs Numbers,...
Economists and Market Watchers are Inspecting the Data and Checking it Twice.
Headline Risk, Consumer Credit and Tax Policy
Mixed results in recent economic data have economists coming to different conclusions about the stability of the U.S. economy. Two major factors that are focal points for discussion are consumer credit and the jobs mark [...]
Unemployment & the Tax – F...
The unemployment rate coupled with the current economic environment has many speculating about whether tax cuts will be extended for the earners above $250,000 and whether the Federal Reserve Bank will continue with their $600 billion bond purchase. The unemployment rate has reached a new record by remaining above 9 percent for 19 months in [...]
U.S. Services Sector Picks Up –...
Unemployment Rises to 9.8 from 9.6
US services sector speeds up growth: ISM
The US services sector has expanded at a faster pace than in the prior month. The November jobs market has also improved. The negativity from the past few weeks has subsided and sentiment is positive. The Institute of Supply Management -ISM survey shows, the purc [...]
Initial Jobless Claims Rise Marginall...
Unemployment benefits rise by 26,000. Housing Market Stronger – Mortgage Rates Rise
The Labor Department reported today that jobless benefits claims rose last week by 26,000. The number of people applying for initial jobless benefits is now seasonally adjusted at 436,000. Last week, the four- week moving average which is watched clos [...]
Fed’s Beige Book: Economic Acti...
Beige Book Highlights, Economics Data Updates: Economic Data Improving
Fed’s Beige Book: Economic Activity Expanding, Improving
The economic data for the past few weeks has been positive and new data this week confirms a turning point may have occurred in the last few weeks in terms of sentiment and economic activity. ADP reported tod [...]
