Tag: economic-data

Jobs Report Disappoints Despite Lower Unemployment Rate

Filed in Federal Reserve, New Gold, o, recession by on January 7, 2011 0 Comments
Jobs Report Disappoints Despite Lower Unemployment Rate

Filed under: Forecasts , Employees , Market Matters , Economic Data , Federal Reserve , Recession The Labor Department reported that employers added 103,000 jobs last month. This fell short of the expected 150,000 predicted by economists surveyed by Dow Jones. However, the unemployment rate fell to 9.4%. The November report was revised upward to 71,000 from 39,000, as reported by the Wall Street Journal . Earlier in the week ADP reported that private sector jobs rose by 297,000 last month, the strongest gain since ADP began collecting data. Continue reading Jobs Report Disappoints Despite Lower Unemployment Rate Jobs Report Disappoints Despite Lower Unemployment Rate originally appeared on BloggingStocks on Fri, 07 Jan 2011 11:40:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Strong December Auto Sales Raise Hopes for 2011

Filed in General Motors, o, South African Gold, Spot Gold by on January 5, 2011 0 Comments
Strong December Auto Sales Raise Hopes for 2011

Filed under: Industry , Ford Motor (F) , General Motors (GM) , Toyota Motor Corp. (TM) , Economic Data , Nissan Motors (NSANY) December is traditionally a slow month for auto sales. Most people are caught up with holiday shopping and tend to put off large purchases. This year was different. December auto sales were higher for most makers, Toyota being the exception. Here are the numbers by company, as reported by CNNMoney : Continue reading Strong December Auto Sales Raise Hopes for 2011 Strong December Auto Sales Raise Hopes for 2011 originally appeared on BloggingStocks on Wed, 05 Jan 2011 10:20:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Consumers Are More Upbeat, but Still Wary About Big Purchases

Filed in o, recession, South African Gold, Spot Gold by on December 1, 2010 0 Comments
Consumers Are More Upbeat, but Still Wary About Big Purchases

Filed under: Market Matters , Economic Data , Housing , Recession According to the Wall Street Journal , the Conference Board reported that consumer confidence rose in November to 54.1, from 49.9 in October. Those people expecting conditions to get better rose to 16.7% from 15.8%. Those expecting conditions to worsen fell to 12.1% from 14.4%. The same ratios were found for job expectations. On the other hand, the Case-Shiller composite index of home prices fell 1.5% in the third quarter from a year ago. The index showed an even further drop of 2% in the third quarter when compared to the previous quarter. Continue reading Consumers Are More Upbeat, but Still Wary About Big Purchases Consumers Are More Upbeat, but Still Wary About Big Purchases originally appeared on BloggingStocks on Wed, 01 Dec 2010 12:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Corporate Profits Set a Record in the Third Quarter

Filed in economy, inflation, o, recession, Spot Gold by on November 24, 2010 0 Comments
Corporate Profits Set a Record in the Third Quarter

Filed under: India , China , Economic Data , Recession , Financial Crisis Our economy has all the earmarks of schizophrenia. We have unemployment at 9.6% with little chance of a turnaround any time soon. But at the same time, corporate profits set a record in the third quarter at $1.659 trillion, on a non-inflation adjusted basis, according to the Commerce Department, as reported in the New York Times . Corporate profits reached a cyclical low in the fourth quarter of 2008. Since then they have grown for seven consecutive quarters. As a share of GDP, corporate profits account for 11.2% of total output. How did corporations manage to do so well? One reason is productivity growth — being able to do more with less. Another reason is that multi-nationals are benefiting from expanded sales from emerging markets like China and India. Continue reading Corporate Profits Set a Record in the Third Quarter Corporate Profits Set a Record in the Third Quarter originally appeared on BloggingStocks on Wed, 24 Nov 2010 09:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Mixed Bag on Housing: Starts Up, Permits Down

Filed in New Gold, Spot Gold by on October 19, 2010 0 Comments
Mixed Bag on Housing: Starts Up, Permits Down

Filed under: Economic Data , Housing U.S. housing starts hit a five-month high in September, Commerce Department data released Tuesday revealed. Housing starts rose 0.3% to 610,000 units in September. Reuters analysts estimated only a 580,000 unit rate. New building permits dropped 5.6% to a 539,000 unit pace, after a 2.1% increase in August. Permits were pulled down by a 20.2% slump in multi-family units. Actually, permits for single family homes rose by 0.5% Continue reading Mixed Bag on Housing: Starts Up, Permits Down Mixed Bag on Housing: Starts Up, Permits Down originally appeared on BloggingStocks on Tue, 19 Oct 2010 10:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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IMF Forecasts a Slowdown in US Growth

Filed in economy, Federal Reserve, recession, South African Gold by on October 6, 2010 0 Comments
IMF Forecasts a Slowdown in US Growth

Filed under: Forecasts , Economic Data , Headline News , Federal Reserve , Recession This is not good news. The International Monetary Fund (IMF) did an assessment of growth for the US economy and forecasts lower growth this year and next, according to a report in Reuters. For the year 2010 the IMF reduced US growth estimate from 3.3% down to 2.6%. For 2011 they also lowered growth from 2.9% to 2.3%. Continue reading IMF Forecasts a Slowdown in US Growth IMF Forecasts a Slowdown in US Growth originally appeared on BloggingStocks on Wed, 06 Oct 2010 17:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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The Irish Bank Bailout and Spain’s Downgrade

Filed in euro, moodys, New Gold, Spot Gold by on October 1, 2010 0 Comments
The Irish Bank Bailout and Spain’s Downgrade

Filed under: Economic Data , Financial Crisis Just when fears of a eurozone collapse faded from the front page, the news of an Irish bank bailout and of Spain’s credit rating downgrade reignited investor concerns, CNN Money reports. Ireland’s central bank had to bail out its Anglo Irish Bank to the tune of $40 billion. The bailout raises its staggering deficit from 11.75% to 32% in 2010, ten times higher that the European Union’s guidelines. “We hope to bring closure to this matter and that is what we have done today,” Finance Minister, Brian Lenhan said, Reuters reported. “Yes, of course these figures are horrendous but they can be managed over 10 years.” Continue reading The Irish Bank Bailout and Spain’s Downgrade The Irish Bank Bailout and Spain’s Downgrade originally appeared on BloggingStocks on Fri, 01 Oct 2010 11:30:00 EST. Please see our terms for use of feeds . Read | Read | Permalink | Email this | Comments

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Inflation Comes to Wal-Mart: Prices are up From a Year Ago

Filed in economy, Federal Reserve, inflation, jp morgan, Spot Gold by on October 1, 2010 0 Comments
Inflation Comes to Wal-Mart: Prices are up From a Year Ago

Filed under: Consumer Experience , Wal-Mart (WMT) , Economic Data The Federal Reserve keeps telling us that inflation is too low. That’s true if you use the core index, which excludes food and energy prices. But most of our income is spent on these two sectors. Take Wal-Mart ( WMT ). Prices at the world’s largest retailer rose the the highest level in 21 months, JP Morgan found, according to Bloomberg . A basket of 31 items at Wal-mart increased 5% so far this year and 2.7% in September. Seven of the items had price increases of 10% or higher since August. Continue reading Inflation Comes to Wal-Mart: Prices are up From a Year Ago Inflation Comes to Wal-Mart: Prices are up From a Year Ago originally appeared on BloggingStocks on Fri, 01 Oct 2010 08:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Household Wealth Falls by $1.5 Trillion in Q2

Filed in Federal Reserve, recession, Spot Gold, stimulus by on September 21, 2010 0 Comments

Filed under: Market Matters , Economic Data , Federal Reserve , Recession The Federal Reserve has posted some data that shows the extent of economic decline in the second quarter. Here are some key numbers, as reported by Reuters . Household wealth fell by $1.5 trillion in the second quarter to $53.5 trillion. This sharply lower than the $64.2 trillion at the end of 2007. Stock losses amounted to $14.9 trillion, a drop of $1.95 trillion. Continue reading Household Wealth Falls by $1.5 Trillion in Q2 Household Wealth Falls by $1.5 Trillion in Q2 originally appeared on BloggingStocks on Tue, 21 Sep 2010 11:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Consumer Prices Flat in August; Inflation Is Subdued

Consumer Prices Flat in August; Inflation Is Subdued

Filed under: Market Matters , Economic Data , Federal Reserve The Labor Department reported that consumer prices rose 0.3% in August. The core Consumer Price Index (CPI) was flat. These number suggest that inflation is subdued and does not pose an immediate threat to the economy . Now, analysts are speculating about Federal Reserve policies going forward. The report on consumer prices follows a 0.4% rise in producer prices, after a 0.2% rise in July, as reported in the New York Times . Continue reading Consumer Prices Flat in August; Inflation Is Subdued Consumer Prices Flat in August; Inflation Is Subdued originally appeared on BloggingStocks on Fri, 17 Sep 2010 12:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Be Mindful Of The Risk Of Inflation Says Norman Raschkowan, North American Strategist For Mackenzie Investments

Filed in recession, silver by on September 13, 2010 0 Comments

This past summer has taken investors on a roller coaster of a ride with capital markets rising and falling so much, it’s no wonder investors are feeling queasy. Mixed economic data may be stoking fears of a “double dip” recession, but one North American strategist, says that while there will be an extended period of

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Greek Economy Shrinks

Filed in Debt, economy, euro, New Gold, recession, South African Gold, Spot Gold by on September 8, 2010 0 Comments
Greek Economy Shrinks

Filed under: International Markets , Economic Data , Recession U.S. markets sold off Tuesday amid fears of European debt defaults. On Wednesday, news that Greece’s economy shrank by 1.8% in the second quarter didn’t help ease those concerns. Back in June, Greece was the center of a potential default crisis. The European Central Bank was forced to provide the member country with $140 billion in bailout funds. The bailout was orchestrated with the International Monetary Fund. Under the terms of the agreement, Greece was forced to impose austerity measures such as cutting public sector expenditures. Continue reading Greek Economy Shrinks Greek Economy Shrinks originally appeared on BloggingStocks on Wed, 08 Sep 2010 11:20:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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