The Commerce Department released its monthly Housing report for August today. To no one’s surprise, it was a little bit negative, with US housing starts decreasing by 2.6%. Building permits also came in a little low, falling off by 5.9%. At first glance, the numbers seem pretty bad, but there’s a good in just about [...]
The US economy slowly limps forward, as the September 18th Federal Reserve meeting, a meeting where many hope and expect the Fed to cut rates, quickly approaches. The economic turmoil that has engulfed the markets is certainly giving the cause for a 0.25% or 0.5% cut a nice lift. And the economic reports released today [...]
The markets were in desperate need of good news today, after a tumultuous past week where the Dow Jones Industrial Average lost 1.82%. Early in the morning, the markets received just that, when the July Trade Deficit report was released. The good news came in the form of a shrinking trade deficit and record export [...]
Our latest tactical update is available by clicking on the link above. Here’s an excerpt:
In August of 2007, America awoke wearing a lampshade of Miami pre-construction condos, a throbbing liar loan headache, sucker written on her forehead in lipstick and a sub-prime mortgage stuck to her shoe. This mighty hangover has only one cure according [...]
