Mike: A busy Wednesday for economic reports, especially the two related to housing; MBA Purchase Applications, which showed some improvement mortgage applications climb from 7-month low as shown below, and New Home Sales showed continued weakness May new home sales dip 0.6 percent, which is surprising considering this is peak season for home sales. Mike: Durable goods orders show […]

Continue reading about June 24 – New homes sales fall, but mortgage applications rise – Durable good orders rise sharply – Ikea has cut 5000 jobs – Monsanto to cut 900 jobs – AIG chops 415

Mike: Tuesday brings us the always important Existing Home Sales and a couple of weekly retail reports. Existing Home Sales will show if new home sales are brisk or continuing to languish. Well, it looks like sales increased, but were below expectations. I couldn’t find a headline that read “April existing home sales revised down and May […]

Continue reading about June 23 – MySpace to cut 300 international jobs – Mich. State U may cut 590 – Harvard dismissing 275 – May home sales increase 2.4%, but miss expectations – May mass layoffs tie record high – GM to cut 4000 salaried jobs by Oct. 1 – Nissan’s electric car to create 1300 jobs – Hav-A-Tampa: 500 lose jobs

Mike: Good day to all. My goal was to put this post Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress at the top, but my haste prevented that from happening. Take a look at Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress and be so kind as to offer your opinion of this […]

Continue reading about June 19, 20 – Sikorsky cuts about 350 jobs – Gannett ready to cut 4,500 more jobs? – Air France-KLM to lose 3000 to attrition – BAE may follow Lockheed Martin on job cuts – CA and SC: record high unemployment rates