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...

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...

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...

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...