Non-Farm Payrolls were released last Friday while I was golfing with my brother, but there aren't any economic reports being released today, and really nothing scheduled at all this week…
jeremyOctober 6, 2014
New Home Sales
New Home Sales last month rose 8.8% from only the month before, with an annual rate of 693,000. That's 3.7% higher…
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Stocks are down and Bonds are up on the ISM Index reading (a national manufacturing index based on a survey of roughly 300 industrial companies--like many reports, a measure of…
jeremyOctober 1, 2014
We will need to wait until October to see how selling $3B in iPhone 6 on just the first day of availability sways the numbers; today though, August's Durable Goods Orders (purchases of wares…
jeremySeptember 25, 2014
New Home Sales come in at 504,000 annualized units, way above the 435,000 expected by Wall Street. New Sales jumped 18% in August (the largest increase in over 22 years), and have…
jeremySeptember 24, 2014
Where interest rates were relatively steady all summer prior to the "fall" (pun intended), it's been awhile since we I have broken out the trampoline to show prices rebounding like…
jeremySeptember 23, 2014
Scotland has voted to remain part of the United Kingdom and will hash out their tax rate changes which take effect as early as 2015. While doing a bit of research on…
jeremySeptember 19, 2014
Easing off the throttle by another $10B, the Fed will purchase a total of $15,000,000,000 in mortgage backed securities and Treasuries (10 billion in Treasuries and five billion in mortgages)…
jeremySeptember 18, 2014
It's Fed Day. The Federal Open Market Committee will conclude its two day closed-door session with a press conference at 12:30 MDT. It is anticipated that the Fed will address…
jeremySeptember 17, 2014
The Fed Funds Rate is currently at a range of 0-.25% (incidentally this is the first time that it's had a range because 0% doesn't work for trading market funds). The Prime…
jeremySeptember 9, 2014
So last week I discussed the ongoing debate about whether the data indicate that the economy is improving or not. And wouldn't you know it, it's been an entire week and the issue is still…
jeremySeptember 5, 2014
This morning the European Central Bank announced that due to their stagnant economy, they are lowering their interest rates and starting their own version of quantitative easing. That's like so…
jeremySeptember 4, 2014
Analysts see us at the intersection of recession and recovery and are still debating which direction we are heading. Personal Income rose 0.2% last month, lower than the 0.5% from the…
jeremyAugust 29, 2014
There aren't any surprises out today. Russia and Ukraine are still fighting in the streets. Pending Home Sales (under contract and not yet closed) are up 3.3%, greater than the…
jeremyAugust 28, 2014
The headline Durable Goods orders shows a rise of a whopping 22.6%. Dissecting the report however shows a massive order from Boeing Aircraft, and after you strip out the transportation sector (due…
jeremyAugust 26, 2014
The Chair of the Federal Open Market Committee, Janet Yellen, addressed economic highbrows in Jackson Hole this morning. The photo-illustration of the double barrel shotgun represents the Fed's two part…
jeremyAugust 22, 2014