Obama Recovery Stalling Outfinal
Weekly Economic Update July 19-23
Overview: Building permits fell 2.1% in June while housing starts were down 5.0% and existing home sales fell 5.1%. Initial jobless claims rose by 37,000 to a level of 464,000 for the week ended 7/17.
Weekly Economic Update: July 12-16
Overview: Retail sales fell 0.5% in June. The U.S. trade deficit widened 4.8% in May. The topline CPI fell 0.1% in June; the core CPI rose 0.2%. The topline PPI fell 0.5%; the core PPI rose 0.1%. The U.S. Treasury recorded a deficit of $68.4 billion in June. Business inventories increased 0.1% ...
Lessons from the Euro Crisis II
The Importance of Deepwater Oil & Gas Development in the Gulf of Mexico
Weekly Economic Update: July 5-9
Overview: The ISM services index fell 1.6 points to 53.8 in June. Consumer credit fell by $9.1 billion in May. Initial jobless claims fell by 21,000 to a level of 454,000 for the week ended 7/3.
Weekly Economic Update: June 28 - July 2
Overview: The economy lost 125,000 jobs in June as the unemployment rate fell to 9.5%. The ISM index fell 3.5 points to 56.2 in June. Personal income rose 0.4% in May while personal spending was up 0.2%. Pending home sales fell 30.0% in May. Construction spending was down 0.2% in May. Auto sales...
Second Debt Increase During Obama Presidency
Weekly Economic Update: June 21-25
Overview: Existing home sales fell 2.2% in May as new home sales plummeted 32.7%. The Fed held constant its target range for the federal funds rate at 0.0%-0.25%. GDP growth for the 1st quarter was revised downwards to 2.7%, from earlier estimates of 3.0% and 3.2%. Durable orders fell 1.1% in May...
Weekly Economic Update: June 14-18
Overview: Housing starts fell 10% in May as building permits declined 5.9%. The topline PPI fell 0.3% while the core PPI rose 0.2%. The topline CPI fell 0.2% while the core CPI rose 0.1%. Industrial production increased 1.2% in May. The U.S. current account balance widened $8.1 billion to $109 b...
