US economy

Investigation into Pending Home Sales Reinforces Recovery

by Ryan Hinricher | January 11, 2010

On the 5th of January, the National Association of Realtors released its latest Pending Home Sales Index (PHSI), showing a 16% decline over October. Almost immediately the media seized these numbers and outlets like MSNBC reported “Housing Industry May Be Headed for Double Dip”. Of course any decline anywhere in the economy right now is [...]

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Blogs

Light At The End Of The Tunnel?

by Richard Warren | August 3, 2009

There are plenty of mixed signals on the economy today. Each bad report is followed by something good only to be followed yet again by something negative. This is actually a good thing. It wasn’t that long ago that the news was almost universally bad. The mixed signals are actually a sign that things may really be improving.

The housing numbers for June were positive in terms of sales with new construction reporting a gain of 11% and re-sales posting a 4% increase. The flip side shows that prices were still falling. Some of these sales can certainly be attributed to the $8,000 first-time buyer tax credit, but they’re still sales. So we have the good and the bad, but it is nowhere near as ugly.

More Pain to Come

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Economy

Signs of a Weak US Economy: Canadian Dollar Equal in Value to US Dollar

by Joshua Dorkin | September 20, 2007

I truly enjoyed watching the President lie through his teeth again in this morning’s press conference about how good the economy was doing. I’m not sure what economy he’s looking at, but it is certainly not ours. It seems like things just continue to decline here in the good ‘ole USA . . . The [...]

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