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SPENDING & INCOME RISE IN JULY. YES, BUT…

Personal income and spending rose in July, the Bureau of Economic Analysis reported today… Source

What to Expect from Second Quarter GDP

The currencies are trading in the same clothes as yesterday. It’s almost like the movie Groundhog Day, for the euro (EUR) has performed the say way as the previous sessions… For instance, the euro rose up to 1.2765 yesterday, only to fall back to just above 1.27, and then overnight, like the previous night, the [...]

Miami Home Sales Increase in June for 16th Month

According to DQ News, “Miami area home sales rose sharply in June, the result of low… Source

House Dems Will Take a Thumping in November

Intrade odds for Republicans to control the House after the November elections rose… Source

Taking From the Broke and Giving to the Jobless

When the wealthiest citizens can design tax shelters, Swiss and otherwise, and the poorest can either pay no taxes or receive refunds, the burden of generating US tax revenue falls squarely on the shoulders of the middle class. That same middle class essentially made up of those hardest hit by today’s correcting economy. Robin Hood, [...]

Canada Recovers Almost All Jobs Lost in Recession

Statistics Canada — “Employment rose by 93,000 in June, pushing the unemployment… Source

Buffalo Trader Bullish Reversal Report 07/02/2010

Volume rose a bit from Wednesday, but the song remains the same, as fear over employment numbers likely caused the U.S. equities market to sink in late trade. Note once again that the number of bullish reversals is increasing a bit, with retail now joining transports, utilities, semiconductors, transportation, and select energy exploration stocks in [...]

Restaurant Activity Softens in May, But Outook Remains Pos. as Capital Spending Rose to 2-Yr. High

“The outlook for the restaurant industry softened in May, as the National Restaurant… Source

GMI helps me escape the decline again, as my account rose

The GMI kept me out of this market decline. Both the GMI and the GMI-R are at zero… Source

SPENDING & INCOME RISE IN MAY, BUT ECONOMIC RISK IS STILL LURKING

The markets tanked last month, signaling trouble ahead. Yet consumer spending and income rose in May, the government reported this morning… Source

Most Favorable Mich. Survey About Jobs in 5 Years

NEW YORK (Reuters) – “Consumer sentiment rose in June to its highest since January… Source

Manheim Used Vehicle Index At Record High

From today’s report from Manheim Consulting: “Wholesale used vehicle prices rose… Source

Bloomberg: US Debt to Overtake GDP in 2012

US debt continues surging higher and the chart below shows a likely outcome: debt will exceed GDP in as early as 2012. Yep, that’s fewer than two years from now. From Bloomberg: “…the government’s total debt [...] rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, [...]

Fifth Month of Double-Digit Auto Sales Increase in May for the First Time in 26 Years, Since 1984

DETROIT NEWS — “Auto sales rose in May after sunny Memorial Day weekend deals… Source

Buying Stocks at the End of the World

Well, they don’t make it easy for you. Yesterday, the Dow rose 225 points. Enough to keep people guessing. Enough to keep people in the market. Enough to give the ‘recovery’ spotters something to look at and investors something to hope for. Is the market really headed down…or not? Most likely, yes…it’s a real bear [...]

Florida Home Sales Increase +27% in April

“Sales of existing homes in Florida rose 27% in April, which means that sales… Source

INDUSTRIAL PRODUCTION & RETAIL SALES RISE IN APRIL

Retail sales rose in April—the seventh consecutive monthly increase, the government reported… Source

Monster Job Index:April Growth Highest Since 2007

The Monster Employment Index rose eight points in April as a number of industries… Source

Florida Home Sales Increase for the 19th Straight Month, and March Sales Increase by 24% vs. 2009

Florida’s existing home sales rose in March, which means that sales activity has… Source

Leading Economic Index Rises 12th Straight Month

LA Times — The index of U.S. leading indicators rose in March by the most in 10… Source

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