No, this was not a good housing report.
Category Archives: recession
Will Dollar Depreciation Prevent A Recession?
As worries from ever expanding — but always containable — housing and mortgage market collapse mount (see this Reuters article), some analysts believe that the external accounts will save the day. From Bloomberg (July 23):
San Diego index of leading indicators
Professor Alan Gin’s index may be of interest to those of us wondering where California’s economy is headed and to anyone who might want to construct a similar index for their own local economy.
Bernanke on the economic outlook
In testimony before the U.S. Congress yesterday, Fed Chair Ben Bernanke continued his policy of greater openness and transparency for Federal Reserve policy, trying to lay out clearly what the Fed is most worried about.
June auto sales
Not a good month for the domestic automakers.
Housing’s struggle continues
As expected, those very robust new home sales numbers initially reported for April turned out to be too good to be true.
Following yields up and down
Econoblog on interest rates
I was pleased to participate in the latest
Wall Street Journal Econoblog
with Mark Zandi, Chief Economist and co-founder of Moody’s Economy.com. Here’s a brief preview of what you can
find over at the WSJ.
More on those rising interest rates
Rising rates look scary, but I still read it as good news.
Lessons from the yield curve
The dramatic upward move of long-term interest rates gives me an opportunity to look back on some of the predictions made on the basis of the inversion of the yield curve, and what might be in store next.