Redundancies
Mike: I hope you are all having a good weekend. I fixed the rss feed problem, so all should be back to normal. I had added a plugin that made the rss crash, whhich has since been removed. Today we had Consumer Sentiment come in at an improved 69 from May’s 68.7 (U.S. Michigan Consumer […]
Mike: As with most Thursdays, the weekly jobless claims number is the big news. Today saw a reduction of claims to 601,000, which is still a very high number, but an improvement from the previous week. The markets seem excited by unemployment remaining above 600,000, but then all news is good news of late. The […]
Mike: Good day. The economic news for this day is primarily the MBA Mortgage Applications Index, which showed weakness due to increasing interest rates. This is the busiest time of year for home sales, yet mortgage application increased only 1.1% for the week and that’s with historically low interest rates. Refinancing decreased 12% due to those […]