Friday, January 23, 2009

Unemployment Mashup – MA vs. RI December 2008

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Subtitle: Thar She Blows! As I had noted in my prior posts, historically it has been very unusual for there to be more than a 1.5% differenc...
Thursday, January 22, 2009

New Residential Construction Report: December 2008

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Today’s New Residential Construction Report continues to firmly demonstrate the intensity and completeness of the washout conditions that n...

Mid-Cycle Meltdown?: Jobless Claims January 22 2009

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Today, the Department of Labor released their latest read of Joblessness showing seasonally adjusted “initial” unemployment claims increas...

Reading Rates: MBA Application Survey – January 22 2009

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The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all resident...
Wednesday, January 21, 2009

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings January 2009

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Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing dramatic new lows and con...

Prime Bomb! : Hudson City Bancorp Prime Delinquencies Q4 2008

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I’ve been arguing for the better part of two years that although the traditional media and apparently general consensus has focused on subpr...
Tuesday, January 20, 2009

The Almost Daily 2¢ - Twin Peaks!

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Subtitle: The (Suckers) Rally Has Left the Building? And a very weak rally it has been… amazingly weak given all the talk of the new adminis...
Friday, January 16, 2009

Production Pullback: Industrial Production December 2008

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Today, the Federal Reserve released their monthly read of industrial production showing truly dramatic declines to the aggregate productio...

Question(s) of The Day - Will the Feds Ever Learn?

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I hate to belabor this point BUT… As of mid-December Paulson was “ …expecting no other major financial institution to fail… ” So, what about...
Thursday, January 15, 2009

Philadelphia Feeling: Federal Reserve Bank of Philadelphia Business Outlook Survey January 2009

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Today, the Federal Reserve Bank of Philadelphia released the results of their Business Outlook Survey for January showing a continued dete...