Calculated Risk has their always excellent weekly roundup of Economic Releases from last week. Short and informative with their standout charts and graphs. New Home sales were down slightly, GDP was poor, mortgage delinquincies increased slightly, new home inventory was at the lowest on record (Yay!) but obviously the big issue is existing home inventory,...
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Traffic is still expanding, but the rate of increase is still slowing. This jibes with a weak, but still growing economy. The Association of American Railroads (AAR) today reported gains in weekly rail traffic, with U.S. railroads originating 294,310 carloads for the week ending June 18, 2011, up 3.3 percent compared with the same...
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The GDP numbers came out yesterday. For a breakdown, including the inflation component, go here. For the announcement from the BEA go here. The Fed also cut rates by 50bps. Here is the Journal’s story. Reactions: Barry Rithotlz- Q4 GDP: El Stinko! • Consumption slowed to 2% from 2.8% in Q3; I suspect that...
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