The inflation fear trade was reignited today after McDonald’s disappointed and existing home sales showed a 1.2 percent decline in June. Following the news, the price of gold climbed 3.17 percent. StockCharts.com Recent housing market and McDonald’s earnings news seems to have put an end to the market’s “taper tantrum” — at least temporarily. Even […]
Tag Archives: Inflation
Consumer Price Inflation (CPI) Soars …
…Over The Past Ten+ Years! It’s interesting how words can change a person’s impression of something, isn’t it? Read the next paragraph and I’ll show you what I mean. WASHINGTON (MarketWatch) – U.S. consumer prices rose a seasonally adjusted 0.1% in May, mainly because of higher costs of housing, electricity and natural gas, the Labor […]
Home Foreclosures Up Eleven Percent In May
According to RealtyTrac, banks increased foreclosures 11.0 percent in May. Though the overall foreclosure rate is down from last year, banks have decided that they want to get out from under the distressed inventory currently on their books. This move will not only have an impact on banks’ bottom lines, it will also have an […]
Déjà vu All Over Again: Is the S&P 500 Stuck In A Sideways Trading Pattern?
“Maybe God isn’t omnipotent. Maybe he’s just been around so long, he knows everything.” For those who may be familiar with the movie, the above quote comes from Bill Murray’s character Phil Connors in Groundhog Day. For those who are not familiar with the movie, it is about a weatherman (a rather not nice character […]
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Personal Income Flat, Inflation And Consumer Spending Down
For the month of April, the Commerce Department reported today that personal income was flat, inflation was down 0.3 percent due do a decline in gasoline prices, and that consumer spending was down 0.2 percent. Highlights from the report are as follows: Personal income decreased $5.6 billion, or less than 0.1 percent, and disposable personal income (DPI) […]
