Musing About Economics, Computers and Technology

Home of the most asinine posters on the internet

Month: August 2019 (page 1 of 11)

Schedule for Week of September 1, 2019

The key report this week is the August employment report on Friday.Other key indicators include the August ISM manufacturing and non-manufacturing indexes, August auto sales, and the July trade deficit.Fed Chair Jerome Powell will participate in a discussion on Friday.For data nerds, the BLS will release their update Labor Force…

Schedule for Week of September 1, 2019

Fannie Mae: Mortgage Serious Delinquency Rate Declined in July, Lowest Since June 2007

Fannie Mae reported that the Single-Family Serious Delinquency declined to 0.67% in July, from 0.70% in June. The serious delinquency rate is down from 0.88% in July 2018.These are mortgage loans that are “three monthly payments or more past due or in foreclosure”.  The Fannie Mae serious delinquency rate peaked…

Fannie Mae: Mortgage Serious Delinquency Rate Declined in July, Lowest Since June 2007

Hurricanes and Economic Data

For everyone in Florida – stay safe!Frequently there is a temporary slowdown in several growth indicators following a large natural disaster.  And usually there is a pretty rapid bounce back following the disaster.Hurricane Dorian might negatively impact Q3 GDP, and September auto sales and housing.Since this coming week is not…

Hurricanes and Economic Data

Personal Income increased 0.1% in July, Spending increased 0.6%

The BEA released the Personal Income and Outlays report for July: Personal income increased $23.9 billion (0.1 percent) in July according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $44.4 billion (0.3 percent) and personal consumption expenditures (PCE) increased $93.1 billion (0.6 percent).Real…

Personal Income increased 0.1% in July, Spending increased 0.6%

Friday: Personal Income and Outlays

Friday:• At 8:30 AM ET, Personal Income and Outlays, July 2019. The consensus is for a 0.3% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.2%.• At 9:45 AM, Chicago Purchasing Managers Index for August.• At 10:00…

Friday: Personal Income and Outlays

By Request, and Just For Fun: Stock Market as Barometer of Policy Success

By request, here is an update to the chart showing market performance under Presidents Trump and Obama.CR Note: I don’t think the stock market is a great measure of policy performance, but some people do – and I’m having a little fun with them.There are some observers who think the…

By Request, and Just For Fun: Stock Market as Barometer of Policy Success

Hotels: Occupancy Rate Increased Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 24 August The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 18-24 August 2019, according to data from STR.In comparison with the week of 19-25 August 2018, the industry recorded the following:•…

Hotels: Occupancy Rate Increased Year-over-year

NAR: "Pending Home Sales Decline 2.5% in July"

From the NAR: Pending Home Sales Decline 2.5% in Julyending home sales fell in July, reversing course on two consecutive months of gains, according to the National Association of Realtors®. Of the four major regions, each reported a drop in contract activity, although the greatest decline came in the West.The…

NAR: "Pending Home Sales Decline 2.5% in July"

Weekly Initial Unemployment Claims increased to 215,000

The DOL reported:In the week ending August 24, the advance figure for seasonally adjusted initial claims was 215,000, an increase of 4,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 209,000 to 211,000. The 4-week moving average was 214,500, a decrease of…

Weekly Initial Unemployment Claims increased to 215,000

Q2 GDP Revised Down to 2.0% Annual Rate

From the BEA: Gross Domestic Product, Second Quarter 2019 (Second Estimate); Corporate Profits, Second Quarter 2019 (Preliminary Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the second quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. In…

Q2 GDP Revised Down to 2.0% Annual Rate

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