Archive for May, 2008
Tuesday, May 27th, 2008
The Conference Board's consumer confidence index for
May fell more than expected to 57.2 in Tuesday's report, led by a 5.5-
point decline in the present situation component.
The previous month's reading of 62.3 was revised upwards to 62.8. The
three-month average for consumer confidence is now at 62.0, down from
68.4 ...
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Tuesday, May 27th, 2008
Speaking in an interview with the Financial Times on Monday, former
Fed Chairman Alan Greenspan said the chance of a
recession in the United States was above 50% but that probability was
pulling back somewhat.
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Tuesday, May 27th, 2008
New home sales in April rose for the first time in
five months, increasing 3.3% to 526k following a downward revision of the
March reading to 509k. The previous month's reading was previously
reported as 526k, which was the lowest level since October 1991.
Economists had expected a reading of ...
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Tuesday, May 27th, 2008
The S&P Case-Shiller home price index for Q1
continued to deteriorate with the 20-city composite index posting a
record annual decline of 14.1%. In March, the index also declined by an
annualized 14.4%. The Case-Shiller index has fallen every month since
peaking in July 2006.
"The steep downturn in residential real ...
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Friday, May 23rd, 2008
CEP News) - U.S. existing home sales decreased to
4.89 million units in April following March's revised sales figure of
4.94 million. This is the second month that home sales have remained
under the 5 million mark.
The national median existing home price was...
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Friday, May 23rd, 2008
U.S. existing home sales, comments from Canadian Finance Minister Jim
Flaherty, and the release of the National Bank of Belgium's business
confidence index for May are the highlights of Friday's economic events
as the United States prepares for the Memorial Day weekend with early
closes in fixed income and equities.
...
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Thursday, May 22nd, 2008
In an interview with CNBC, Treasury Secretary Henry
Paulson said that the U.S. has been in a rough patch but is
coming closer to the end of the current credit crisis.
Paulson was encouraged by thexxx
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Thursday, May 22nd, 2008
Existing home sales for April, which will be released
Friday by the National Association of Realtors (NAR), are expected to
decline further to a pace of 4.85 million units following March's sales
figure of 4.93 million. This would mark the second month that home sales
have remained under the 5 ...
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Thursday, May 22nd, 2008
House prices fell 0.4% month-over-month in March
following February's revised 0.4% gain, and declined 1.7% quarter-over-
quarter in Q1 compared to a previous 0.1% gain, the Office of Federal
Housing Enterprise Oversight (OFHEO) reported Thursday. The quarterly
fall was the largest decline on record.
The consensus had been looking for a 1.3% ...
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Thursday, May 22nd, 2008
At 8:30 a.m. EDT, the U.S. Labor Department will release initial and
continuing jobless claims for the weeks ending May 17 and 10
respectively. Economists expect a rise of 373k following a 371k increase
in the previous week. Continuing jobless claims are expected to rise to
3,065k from the previous ...
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