Blog Profile / CalculatedRisk
| URL : | http://calculatedrisk.blogspot.com/ | |
|---|---|---|
| Filed Under: | Business & Finance / Economics | |
| Posts on Regator: | 11436 | |
| Posts / Week: | 43.6 | |
| Archived Since: | June 7, 2008 | |
Blog Post Archive
Bernanke: The Ten Suggestions
Some humor and interesting comments in a commencement speech from Fed Chairman Ben Bernanke : The Ten Suggestions It's nice to be back at Princeton. I find it difficult to believe that it's been almost 11 years since I departed these halls for Washington. Show More Summary
Brent, Cushing and $3.50 per gallon Gasoline
Oil prices have been declining. West Texas Intermediate (WTI) crude oil (quoted in terms of delivery in Cushing, Oklahoma) has fallen to $91.97 per barrel according to Bloomberg. Prices for Brent crude has fallen to $100.39 per barrel.
However...Show More Summary
Zillow: Case-Shiller House Price Index expected to show over 12% year-over-year increase in April
The Case-Shiller house price indexes for April will be released Tuesday, June 25th. Zillow has started forecasting Case-Shiller a month early - and I like to check the Zillow forecasts since they have been pretty close. Note: ZillowShow More Summary
Schedule for Week of June 2nd
The key report this week is the May employment report on Friday.
Other key reports include the ISM manufacturing index on Monday, auto sales also on Monday, the Trade Balance report on Tuesday, and the ISM service index on Wednesday.
Also,...Show More Summary
Unofficial Problem Bank list declines to 761 Institutions
This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for May 31, 2013. Changes and comments from surferdude808: As expected, the FDIC released quarterly industry results for the first quarter on Wednesday and its enforcement action activity through April 2013 on Friday. Show More Summary
Friday Rock Blogging
With a huge hat tip to Tanta, here is a video she posted years ago. Hmmm... "Top ramen tastes a lot better when you eat it off a granite counter top"...
Bank Failure #14 in 2013: Banks of Wisconsin, Kenosha, Wisconsin
From the FDIC: North Shore Bank, FSB, Brookfield, Wisconsin, Assumes All of the Deposits of Banks of Wisconsin, Kenosha, Wisconsin As of March 31, 2012, Banks of Wisconsin had approximately $134.0 million in total assets and $127.6 million in total deposits.... Show More Summary
Restaurant Performance Index increases in April
From the National Restaurant Association: Restaurant Performance Index Hits 10-Month High as Operators’ Business Expectations Improve
Driven by higher same-store sales and an improving outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) hit a 10-month high in April. Show More Summary
Social Security and Medicare Trustees Report Released
Here is the summary of the 2013 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds. And a brief excerpt:
What is the Outlook for Future Social Security and...Show More Summary
Final May Consumer Sentiment increases to 84.5, Chicago PMI increases sharply to 58.7
Click on graph for larger image.
• The final Reuters / University of Michigan consumer sentiment index for May increased to 84.5 from the April reading of 76.4, and up from the preliminary reading of 83.7. This is the highest level since July 2007.
This was above the consensus forecast of 83.7. Show More Summary
Personal Income declined slightly in April, Spending declined 0.2%
The BEA released the Personal Income and Outlays report for April:
Personal income decreased $5.6 billion, or less than 0.1 percent... in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $20.5 billion, or 0.2 percent. Show More Summary
Friday: April Personal Income and Outlays, 2013 Social Security Trustees Report
The 2013 Social Security Trustees Report is expected tomorrow. If it is released, expect some terrible media coverage. Last year, the Columbia Journalism Review issued a Report Card on Social Security Trust Fund Coverage. They gave the...Show More Summary
Fake Prosperity in Ireland for the G8 Summit
Oh my... from the Irish Times: Recession out of the picture as Fermanagh puts on a brave face for G8 leaders Just a few weeks ago, Flanagan’s – a former butcher’s and vegetable shop in the neat village – was cleaned and repainted with bespoke images of a thriving business placed in the windows. Show More Summary
A few comments on 2nd Estimate of GDP
Earlier the BEA reported the second estimate of Q1 GDP. The revisions were fairly small, as the BEA reported that real GDP increased at a 2.4% annual rate in Q1, revised down from the advanced estimate of 2.5%. The underlying details...Show More Summary
Freddie Mac: "Fixed Mortgage Rates Highest in a Year"
From Freddie Mac today: Fixed Mortgage Rates Highest in a Year
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates following long-term government bond yields higher. The...Show More Summary
NAR: Pending Home Sales index increases slightly in April
From the NAR: Pending Home Sales Edge Up in April The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 0.3 percent to 106.0 in April from 105.7 in March, and is 10.3 percent above April 2012 when...Show More Summary
Weekly Initial Unemployment Claims increase to 354,000
Note: The BEA reported GDP for Q1 was revised down to a 2.4% annualized real growth rate from 2.5% in the advance report:
Real gross domestic product -- the output of goods and services produced by labor and property located in the United...Show More Summary
Thursday: Q1 GDP, Initial Unemployment Claims
Tim Duy thinks the Fed might start to taper asset purchases in September: September Looking Good A "few more months" I interpret as June, July, and August, which puts the beginning of tapering at the September FOMC meeting. I think that...Show More Summary
Lawler: Single Family REO Inventory Continued to Decline in Q1; Down 24% from Year Ago, 39% from Two Years Ago
From economist Tom Lawler:
The FDIC released its Quarterly Banking Profile for the first quarter of 2013, and according to the report the carrying value of 1-4 family residential real estate owned (REO) by FDIC-insured institutions at...Show More Summary
Housing Report: Institutional Investor Stops Buying, blames "stupid money"
From John Gittelsohn at Bloomberg: Carrington Stops Buying U.S. Rentals as Blackstone Adding (ht Soylent Green Is People) “We just don’t see the returns there that are adequate to incentivize us to continue to invest,” [Bruce] Rose, 55, chief executive officer of Carrington Holding Co. Show More Summary