Summary for Week ending Dec 28th
It was a light holiday week for economic data. Happy Holidays to all! New home sales increased to 377,000 in November and are on pace to...
Author : Calculated Risk
Update on Fiscal Cliff
From a Goldman Sachs research note today: Q: Where do things stand now? A: Talks have resumed, but as of this writing there is no...
The Bubble in “Cliffs”
Just an observation ... I think we are seeing a "bubble" in "cliffs" ... From CNBC: Milk Futures Showing No Sign of 'Dairy Cliff' From...
Chicago PMI increases to 51.6, Pending Home Sales index increases
The Chicago Purchasing Managers reported the Chicago Business Barometer was up for a third month, lumbering along since September's 3 year low. The Business Barometer...
Friday: Chicago PMI, Pending Home Sales
First from Neil Irwin at... WaPo: Three ways Washington could mess up... recovery in 2013. A few excerpts: Going off... cliff. This is... most scrutinized...
Sales Ratio: Existing to New Homes
Earlier I posted a graph that shows the "distressing gap" between new and existing...me sales. I've argued that this gap has been mostly caused by...
New Home Sales and Distressing Gap
New home sales have averaged 363,000 on an annual rate basis through November. That means sales are on pace to increase 18%+ from last year....
Comment on House Prices, Real House Prices, and Price-to-Rent Ratio
There is a seasonal pattern for house prices, and I've been predicting that the Case-Shiller indexes would turn negative month-to-month in October on a Not...
Ten Economic Questions for 2013
Here are some questions I'm thinking about ... 1) US Policy: This is probably the biggest downside risk for the US economy in 2013. I...
Schedule for Week of Dec 23rd
This will be a light week for economic data with the markets closing early on Monday, and closed on Tuesday, in observance of the Christmas...