Over the past two weeks new uncertainties have begun pouring into the markets, like the deluge of rain currently striking the west coast—I spent part of last week in Los Angeles. However, unlike what’s happening over the west coast, the storms investors faced were mostly avoidable. It all began with legitimate concerns over tightening Chinese […]
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Employment Cost Index
Personal Income showed no change for September after a revised increment +0.1% in August, this was inline with the consensus forecast. Personal Consumption Expenditures (PCE) declined -0.5% in September, versus a revised increment of +1.4% in August. The decline in consumption is the continued aftereffects caused by the expiration of the US government’s ‘Cash for […]
This week’s most important economic data will likely come in the form of third quarter 2009’s advanced estimate of GDP, which should put an end to four consecutive quarters of declines. The U.S. government’s ‘Cash for Clunkers’ program during the quarter should help to boost the personal consumption component of GDP, while inventories declining at […]