Homebuilder Confidence

September 16, 2020 Homebuilder confidence climbed 5 points in September to a record high level of 83 after having risen 6 points in August, 14 points in July, 21 points in June and 7 points in May, after having plunged by 42 points in April which was the biggest...

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Retail Sales

September 16, 2020 Retail sales climbed by 0.7% in August after having risen 0.9% in July, 8.6% in June, and having surged by 18.3% in May, but after having plunged 14.7% in April and 8.2% in March.  What is truly amazing is that the level of sales has not only...

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Industrial Production

September 15, 2020 Industrial production rose 0.4% in August which was less than expected, but there were significant upward revisions in the previous two months,  July revised upwards from an increase of 3.0% itp 3/5%.  June revised higher from 5.7% to 6.1%.    As...

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9/11 Remembered

As I sit here at my desk this morning, I remember that I was doing the same thing at 8:46 a.m. on September 11, 2001 -- sitting in my Lehman Brothers office on the 10th floor of the American Express Tower of the World Financial Center checking the screens trying to...

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Consumer Price Index

September ll, 2020 . The CPI rose 0.4% in August after climbing 0.6% in both June and July, but having declined 0.1% in May, 0..8% in April, and 0.4% in March.  The CPI excluding the volatile food and energy prices rose 0.4% in August after gaining 0.6% in July and...

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Producer Price Index

September 10, 2020 The Producer Price Index for final demand - intermediate demand  includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for...

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Initial Unemployment Claims

September 10, 2020 .Initial unemployment claims for the week of September 5 was unchanged at 884 thousand after having decline 127 thousand and 93 thousand in the two previous weeks.    Claims have fallen steadily since reaching a peak of 6,867 thousand in the week...

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Unemployment vs. Job Openings

September 9, 2020 The  Labor Department reported that job openings rose 10.3% in July to 6,619 thousand after climbing 11.7% in June and 7.5% in May, but  after having declined 16.9% in April and 14.2% in March.  As the economic expansion gathers momentum the...

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