Factory Closing
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 […]
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 […]
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 […]