Regular followers of this blog know that we have not often discussed the Case Shiller Index. Not because it is bad, but because it is inherently slow when it comes to recognizing trends – sometimes it could be as slow as 6 months. Here is an example of the lag time in this report, (and …
The economy in many ways is a self fulfilling prophecy. When people think it is bad, people feel bad and things get worse. The good news is that the opposite is also true. When people feel good about their job and the economy, they spend more money and economic output increases. News according to Gallup …
Not only is Fitch saying there will be an increase in single family housing starts, but they are predicting a double digit increase. That means there is real strength in the housing market. Builders only build homes when they can make money on them, which also suggests that the prices of homes (taken as an …
Credit quality for consumers is improving, which Sloan said indicates that “the consumer overall is doing a little bit better.” Though the hardest hit are still unemployed, the rest of consumers are “doing OK.” Wells Fargo is the largest lender in the United States and this comment was made by Mr. Sloan who is the CFO …
