More than the growth in mortgages with an unseemingly large market share, Wells Fargo was hit by the fact that it seems to be the only one defending treasuries even … Continue reading
US Economy: ICSC sales put on brakes, Case Schiller worst since 2006, Health back with a GOP agenda?
Though the Fed would have preferred being proved right ont he continuing recoevery its indicated fears are coming true though no Jobs number is due this Tuesday. The Weekly Goldman … Continue reading
US Economy: Worries about the “head fake” in housing data, production declines and then Bernanke speaks..
Markets shoot up knowing well enought hat the mixed housing and manufacturing data showing wweakness in consumption and housing is really not significant and that the recocery is on. The … Continue reading
Hopes are increasing their stake in the recovery as firm data on Existing and new home sales stayed up above December and January gains , yet well below the 2007 … Continue reading
US imports rose with more than a few partners and even as deficits and trade with Eurozone and UK was expectedly clipped, Industrial production data in France Germany and Italy … Continue reading
Mt. 14K is no tuntil December, and that is the only comfort one can draw from this week as the Consumer Comfort index kept creeping up and the January credit figures … Continue reading
The revolving credit component ( predominantly Credit Cards) was slightly negative, after the holiday spending rush was over , not necessarily bad news for the banks as it is good … Continue reading
January contract signings were up 2%, to rise 10% in the South, likely to be manifested in next months’ existing home sales numbers and in Economic growth with a double … Continue reading
The Super Mario sdpeech in the European Parliament yesterday was a breath of Fresh ‘year’ as was the trade surplus for December at Eur 0.6 B after a smaller yet … Continue reading