The Census Bureau reports: [T]otal January exports of $142.7 billion and imports of $180.0 billion resulted in a goods and services deficit of $37.3 billion, down from $39.9 billion in December, revised. Click on graph for larger image.The first graph shows the monthly U.S. exports and imports in dollars through January 2010.Both imports and exports decrease […]
The DOL reports on weekly unemployment insurance claims: In the week ending March 6, the advance figure for seasonally adjusted initial claims was 462,000, a decrease of 6,000 from the previous week's revised figure of 468,000. The 4-week moving average was 475,500, an increase of 5,000 from the previous week's revised average of 470,500. ...The ad […]
From RealtyTrac: U.S. Foreclosure Activity Decrease 2 Percent in February [F]oreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 308,524 U.S. properties during the month, a decrease of 2 percent from the previous month but still 6 percent above the level reported in February 2009....Default notices (Notices of D […]
Good Evening: U.S. stocks continued their recent advance today, and the benchmark S&P 500 has now posted positive closes in eight of the previous nine trading sessions. Though the rally is most likely attributable to price momentum and rising risk appetites, more than a few will credit today’s levitation in share prices to [...] […]
Some eclectic items worth spending precious time with this afternoon: • 10 Years After: A Look Back at the Dotcom Boom and Bust (Wired) • When Bubble Burst: Companies Won, Investors Lost (WSJ) • Martin Wolf: The eurozone crisis is now a nightmare for Germany (FT) • Unemployment Rates, by State: Most Regions Added Jobs in January (Real Time [...] […]
Paul Krugman, last Friday: But that’s not how Republicans see it [unemployment benefits]. Here’s what Senator Jon Kyl of Arizona, the second-ranking Republican in the Senate, had to say when defending Mr. Bunning’s position (although not joining his blockade): unemployment relief “doesn’t create new jobs. In fact, if anything, continuing to pay people unempl […]
How about this for a new and ingenious real estate money machine? Every time a house sells during the next 99 years, 1 percent of the price goes back to the original developer or is shared among investor partners. Ka-ching! […]
In a move designed to further recharge the economy, the U.S. Senate approved a $138 billion measure Wednesday that would extend unemployment benefits and offer fiscal assistance to the states. […]
Target Corp. which has 13 stores in the Raleigh-Durham area, now is offering coupons that customers can access on their mobile phones, then redeem by scanning a barcode on the phone at checkout. […]
The U.S. trade deficit unexpectedly narrowed to $37.29 billion in January as imports and exports both declined and oil import volumes hit their lowest in more than a decade. […]