Reuters: The US did not name China a currency manipulator. Reuters: Most money managers don’t believe the U.S. is in a double-dip recession — yet.
Posts Tagged recovery
From Atlanta Fed President Dennis Lockhart: Recovery and the Challenge of Uncertainty The central question is whether the recovery that is now well under way will be sustained or will falter , resulting in a slowdown or even a second recession—the so-called double dip.
No one has a crystal ball, but it appears the U.S. economy will slow in the 2nd half of 2010.
Reuters: The yuan rose after China’s flexibility announcement.
Waste Traffic Indicator?
Jun 9
From Bloomberg: Waste on Freight Cars Gains Most Since ’94 Confirming Rebound (ht Brian) If garbage is any indication, the U.S. economy is strengthening
The Federal Reserve reports : Consumer credit increased at an annual rate of 1/2 percent in April 2010. Revolving credit decreased at an annual rate of 12 percent, and nonrevolving credit increased at an annual rate of 7 percent. Click on graph for larger image in new window
From NFIB: Small Business Optimism Index Improves in April The National Federation of Independent Business Index of Small Business Optimism gained 3.8 points in April, rising to 90.6 and ending seven straight quarters of under 90 readings. The persistence of Index readings below 90 is unprecedented in survey history. Nine of the 10 Index components rose, particularly the outlook for general business conditions and sales , and one was unchanged.
From the Association of American Railroads: Rail Time Indicators . The AAR reports traffic in March 2010 was up 7.5% compared to March 2009 - the first year-over-year increase since July 2008 - although traffic was still 11.5% lower than in March 2008. Click on graph for larger image in new window
From the Federal Reserve: Beige book Overall economic activity increased somewhat since the last report across all Federal Reserve Districts except St. Louis, which reported “softened” economic conditions.
From Robert Shiller in the NY Times: Don’t Bet the Farm on the Housing Recovery MUCH hope has been pinned on the recovery in home prices that began about a year ago. A long-lasting housing recovery might provide a balm to households, mortgage lenders and the entire United States economy
