RSSCategory: Economic Updates

Apr

30

Economic Update for April 30, 2012

Q1 GDP: +2.2% The federal government’s initial estimate disappointed many analysts, even with plenty of potential for upward revision later. After all, Q4 2011 had brought growth of 3.0%. Economists polled by Briefing.com expected the Q1 estimate to come in at +2.5%. Personal spending rose by 2.9% for the quarter, with car sales playing the […]

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Apr

23

Economic Update for April 23, 2012

WHAT HELD UP HOMEBUYING LAST MONTH? The National Association of Realtors said existing home sales fell 2.6% for March. A 1.3% drop in inventory for the month might have been a factor, and mild weather in January and February may have helped homes that would have sold in March sell earlier. Warmer January and February […]

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Apr

16

Economic Update for April 16, 2012

CONSUMER PRICES ROSE 0.3% IN MARCH Last month’s gain in the federal government’s Consumer Price Index matched the consensus forecast of economists polled by Briefing.com and followed gains of 0.4% in February and 0.2% in January. Gasoline prices were up 1.7% last month. Core CPI rose 0.2%, so that put annualized consumer inflation at 2.7%, […]

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Apr

6

Growth Report for April 2012

THE MONTH IN BRIEF March brought gains and milestones. The NASDAQ ended the month above 3,000, which it hadn’t done in nearly 12 years. The Dow pulled off its sixth straight monthly advance, and the S&P 500 and Russell 2000 rose as well. Gas prices continued their march upward, but consumer spending did not fall. […]

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Mar

26

Economic Update for March 26, 2012

Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “It is every man’s obligation to put back into the world at least the equivalent of what he takes out of it.” – Albert Einstein HOUSING MARKET COOLS DOWN IN February Nationally, home sales took a step back last month. Last week, the National Association of Realtors reported […]

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Mar

19

Economic Update for March 19, 2012

Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” – Winston Churchill PRICES RISE MOST IN TEN MONTHS Consumer prices were up 0.4% in February according to the Commerce Department, yet core inflation rose only 0.1%. A 6% jump in gasoline […]

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Mar

13

Economic Update for March 13, 2012

Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “Science is the great antidote to the poison of enthusiasm and superstition.” Adam Smith 227,000 NEW JOBS, BUT JOBLESS RATE STILL AT 8.3% While unemployment levels remained unchanged in February, Labor Department data showed that nonfarm payrolls expanded by more than 200,000 positions for the third straight month. […]

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Mar

5

Economic Update for March 5, 2012

Presented by Mark Lund, Investor Coach. MONTHLY QUOTE “When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has opened for us.” – Helen Keller THE MONTH IN BRIEF Were soaring oil and gas prices threatening the recovery? Was a […]

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Feb

27

Economic Update for February 27, 2012

Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “Love is the master key that opens the gates of happiness.” – Oliver Wendell Holmes OIL APProaches $110 PER BARREL As NYMEX crude futures settled at $109.77 Friday, economists wondered how the U.S. consumer might cope if $5 gas became a reality. Spurred by supply concerns and heightened […]

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Feb

20

Economic Update for February 20, 2012

Presented by Mark Lund, Investor Coach. WEEKLY QUOTE “In times of rapid change, experience could be your worst enemy.” – J. Paul Getty CONSUMER PRICES UP 0.2% for January Major factors in this increase in the Consumer Price Index include a 0.9% rise in the price of clothing as well as rising rents and healthcare costs. […]

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