Going Nowhere

By Econ70 | 07/24/2012

If you were worried the economy might be treading water, relax, it is. Consumer spending is flat, consumer confidence and manufacturing activity are down and jobless claims are up. Moreover, a key index of leading economic indicators fell two of the last three months and corporate earnings growth has all but stalled. New home sales…

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Weak in Review

By Econ70 | 06/20/2011

Weak in Review: The latest jobless claims numbers are still troublesome. The key takeaway is that first time claims have now exceeded 400k for 10 weeks in a row and the four-week moving average is stuck at 425k. Moreover, the Philly Fed index at -7.7 along with the similar -7.8 print on the NY Empire,…

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