Self-reported spending among American consumers fell sharply in June as compared to May, down from $72 per person to $67. The June figure is up from the same month last year, but only by $6. That spending is still well below the level in 2008.
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What is a safe haven investment worth?
The US government cannot count to ten using both hands. Neither can most scientists is would seem.
The ETF universe for metals is getting larger in new assets. ETFS Physical Platinum Shares (NYSE: PPLT) and ETFS Physical Palladium Shares (NYSE: PALL) are getting larger via share sales. This is not having the same impact as another ‘share expansion ‘ which came out last week, but today’s news looks as though it will [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The FDIC Quarterly Banking Profit reports that industry net income rose to a two-year high of $18 billion. While that seems like a large number, it is spread across almost 8,000 banks
Reuters: Shares in Europe plunged Reuters: Oil hit the shores of Louisiana Reuters: The EU faces scrutiny over whether its austerity measure will be adequate. Reuters: The euro moved up in a short covering rally. Reuters: Google Inc (NASDAQ: GOOG) launched its new TV product.Reuters: Samsung says it sees strong cellphone demand.
This morning the Census Bureau released the ” Quarterly Starts and Completions by Purpose and Design ” report for Q1 2010. Click on graph for larger image in new window. The first graph shows the NSA quarterly starts intent for four categories since 1975: single family built for sale, owner built (includes contractor built for owner), starts built for rent, and condos built for sale.
Mortgage rates hit their 2010 low on April 13 at 4.93%. At the same time, RealtyTrac announced that homes which were repossessed hit an all-time high of 92,432 in April. The figure for the year will be more than one million if the April pace keeps up
Nordstrom, Inc. (NYSE: JWN) may serve a different tier of the retail market than Kohl’s Corp
