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Archive for the Category ‘Economy Watch’

Economy Watch: Mortgage Settlement Done, Greek Deal Not

Economy Watch: Mortgage Settlement Done, Greek Deal Not

While the United States came to an agreement on robo-signing, the dance of the Greek bailout continues. Warren Buffett knocked gold investors as fearful. And U.S. initial unemployment claims continued to fall.

Economy Watch: Government, Banks to Ink Robo-Signing Settlement

Economy Watch: Government, Banks to Ink Robo-Signing Settlement

The federal government, various state attorneys general and the largest banks in the country have struck a deal that would specify an assortment of mild punishments for the banks’ involvement in robo-signing. And despite discussions, there was still no clarity on the Greece situation coming out of Europe.

Economy Watch: Americans Go on Borrowing Spree

Economy Watch: Americans Go on Borrowing Spree

All species of consumer credit increased during the fourth quarter of 2011, according to the Fed. An optimism index published by Investor’s Business Daily improved 1.9 points for February. And the talks in Greece continue, proving to be nail-biting for investors.

Economy Watch: Nervousness Grows (Again) About Greece

Economy Watch: Nervousness Grows (Again) About Greece

Greece pushed back its austerity deadline from Monday to Tuesday, but is under intense pressure to reach a deal. The Conference Board saw its Employment Trends Index rise 0.73 points in January. And CRE prices seem to have plateaued for the time being.

Economy Watch: January Jobs Jump Broad-Based

Economy Watch: January Jobs Jump Broad-Based

January’s employment totals were even better than expected, adding 243,000 jobs. Greece’s government has finalized an austerity deal for the economically challenged nation. And the ISM’s non-manufacturing index rose 3.8 points last month.

Economy Watch: Economy Continues to Create Jobs

Economy Watch: Economy Continues to Create Jobs

The U.S. Bureau of Labor Statistics reported that 243,000 jobs were added to the economy in January. The CBO expects sluggish economic growth for the next two years. And Fed Chairman Bernanke sparred with some members of Congress over monetary policy.

Economy Watch: ADP Posits Smaller Jobs Expansion in January

Economy Watch: ADP Posits Smaller Jobs Expansion in January

ADP reported on Wednesday that the U.S. private sector created a net 170,000 jobs in January. The Institute for Supply Management said U.S. manufacturing activity continued to expand. And President Obama outlined his mortgage-refinance proposal.

Economy Watch: Home Prices Continue Their Slide

Economy Watch: Home Prices Continue Their Slide

Despite rising property sales, most housing markets aren’t seeing rising prices. Consumer confidence, too, dropped by 3.7 points from December to January. But Wall Street saw a rare “golden cross” yesterday, which usually precedes bull markets.

Economy Watch: Americans’ Personal Income, Savings Up

Economy Watch: Americans’ Personal Income, Savings Up

U.S. personal income grew 0.5 percent in December, according to the Bureau of Economic Analysis. All but two EU nations voted to enact Germany’s fiscal policies. And the Midwest Manufacturing Index rose by 1.7 points in December.

Economy Watch: U.S. GDP Expands, but Not as Much as Expected

Economy Watch: U.S. GDP Expands, but Not as Much as Expected

Spending on durable and non-durable goods rose domestically during the fourth quarter of 2012. Greece and its creditors continued to haggle over interest-rate cuts. And, according to Reuters, U.S. consumers at least feel better about the economy.

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