Opinions Uncensored

Schedule for Week of Sept 25, 2016

The key economic report this week is August New Home Sales. Other key indicators include Personal Income and Outlays for August, and the Case-Shiller House Price Index for July.Also the third estimate of Q2 GDP will be released.For manufacturing, the September Richmond and Dallas manufacturing...

FDIC Closes Bank in Arkansas; Fifth Failed Bank of 2016

From the FDIC: Today's Bank, Huntsville, Arkansas, Assumes All of the Deposits of Allied Bank Mulberry, ArkansasAllied Bank, Mulberry, Arkansas, was closed today by the Arkansas State Banking Department, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect...

Bull Markets are the Hardest Part

There are two difficult times to be an investor – when the market goes up and when it goes down.¹ We all know the difficulty of the bear market. It usually works something like this: We think markets will go up for some reason. Markets go down. Markets go down a lot more than we’re comfortable...

Unemployment and Wages: "A Dirty Little Secret"

I'm reminded of a post I wrote in May 2011: Employment: A dirty little secret [I]t really isn't much of a secret that Wall Street and corporate America like the unemployment rate to be a little high. But it is "dirty" in the sense that it is unspoken. Higher unemployment keeps wage growth down,...

Lawler on August Existing Home Sales

From housing economist Tom Lawler:In a report released this morning, the National Association of Realtors estimated that US existing home sales ran a seasonally adjusted annual rate of 5.33 million, down 0.9% from July’s downwardly revised (to 5.38 million from 5.39 million) pace and up 0.8%...

FHFA: House Price Index Up 0.5 Percent in July

Earlier from the FHFA: FHFA House Price Index Up 0.5 Percent in July 2016U.S. house prices rose in July, up 0.5 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.2...