Pending home sales plunge in April
Sunday, June 19th, 2011 Posted in Uncategorized | No Comments »Pending sales of existing U.S. homes dropped far more than expected in April to touch a seven-month low, a trade group said on Friday, dealing a blow to hopes of a recovery in the housing market.
Housing market to remain in the doldrums!
Saturday, June 18th, 2011 Posted in Uncategorized | No Comments »The beaten-down housing market is expected to sink further this year and prices will virtually flatline in 2012, a Reuters poll predicted.
Poor ‘Hit as hard as you can with recession’!
Thursday, June 16th, 2011 Posted in Uncategorized | No Comments »Poor families have seen their day-to-day living costs rise 50% faster than richer households since the recession struck, according to new research.
Springs nearly worst in unemployment
Monday, March 14th, 2011 Posted in Uncategorized | No Comments »March 14--Colorado Springs ranked second-worst within the nation for its rising unemployment rate last year, based on a report from the Brookings Institution ranking the nation's 100 largest metropolitan areas on a variety of economic ...
NO RECESSION
Thursday, June 10th, 2010 Posted in Uncategorized | No Comments »According to today's Bureau of Economic Analysis report, "Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6% in the ...
IMF: World Economy To Grow At 4.8% in 2008
Thursday, June 10th, 2010 Posted in Uncategorized | No Comments »According to the IMF's most recent "World Economic Outlook," the global economy is projected to grow by 5.2% in 2007 and 4.8% in 2008. The IMF's forecast for economic growth in the U.S. is 1.9% this year. The expected world ...
Free Trade, Globalization & “The Great Moderation”
Thursday, June 10th, 2010 Posted in Uncategorized | No Comments »In recent decades, as foreign trade and investment have been rising as a share of the U.S. economy, recessions have actually become milder and less frequent (see chart above, click to enlarge). The softening of the business cycle has become ...
U.S. Unemployment is Short and Rare
Thursday, June 10th, 2010 Posted in Uncategorized | No Comments »Pundits and the media continue to barrage us with recession claims, but unemployment data still do not support this. The graph above shows U.S. unemployment rates over the past 50 years. Note how the sharply the unemployment rate spikes ...
November Car Sales Rise: Good News or Bad News?
Thursday, June 10th, 2010 Posted in Uncategorized | No Comments »According to Motor Intelligence, light vehicle sales in November were 16.2 million unit on a seasonally-adjusted annual rate (SAAR), see chart above (click to enlarge). That exceeded the average estimate of 15.9 million in a survey of eight analysts ...
Top 1% Pay More Taxes Than The Bottom 90%
Tuesday, June 8th, 2010 Posted in Uncategorized | No Comments »According to an analysis by the Tax Foundation, based on recently released data from the Internal Revenue Service for 2005 (see chart above, click to enlarge): The top-earning 25% of taxpayers -- those with an Adjusted Gross Income (AGI) over $62,068 ...
