Drew Matus

Retail Sales Down as Unemployment Rises and Home Values Decline

istockanalyst.com     Aug 14, 2008   307 related          

Retail sales fell 0.1% in July, as home values declined, unemployment rose, and consumers cut back on big-ticket spending. The decline was the first drop in five months and followed a 0.3% up-tick in June, the Commerce...                    

Only Certainty Is Uncertainty (at Minyanville.com)

yahoo.com     Aug 4, 2008   6 related          

As oil prices seesawed through the past week, fresh uncertainty about the outlook for the beleaguered financial sector triggered another wave of volatility in financial markets. Stock Trader’s Almanac alerts us that August...                    

US Housing Market Crunching Banks, Earnings and Economy

marketoracle.co.uk     Aug 4, 2008          

Housing, credit and labor … oh my! -“Recent data releases and reports suggest that the consumer will continue to be pressured on all fronts: income (or cash flow), wealth and credit. Consumers can spend using any of these...                    

Merrill Cuts 2009 U.S. GDP Forecast: Chart of the Day (Update1)

buzzflash.net     Jul 23, 2008          

Merrill Lynch & Co. economists clipped their forecasts for U.S. growth, making revisions that they described as ``adjusting to the new reality.'' ``Just like consumers, who are insulating their windows and making fewer trips to...                    

Four at Four: Operation Stocks Go Up Always (at The Wall Street Journal Online)

yahoo.com     Jul 15, 2008   1 related          

All together now: you can sell Verne Troyer, but you have to borrow him first. Proving that the statement “don’t just do something, stand there” can actually be put into practice, the SEC and Treasury Department announced that...                    

Fannie Mae and Freddie Mac shares fall

yahoo.com     Jul 15, 2008   3,631 related          

Shares in Fannie Mae and Freddie Mac struggled anew Monday after a near-meltdown last week, as investors mulled a weekend plan offering a government lifeline for the US mortgage finance giants. Freddie Mac's shares shot up as...                    

Wall Street lending could keep Fed from raising rates

chron.com     Jul 8, 2008   572 related          

The Federal Reserve may hold off on its first interest-rate increase since 2006 until policy makers judge that financial markets are stable enough to allow the central bank to withdraw its lending backstop for Wall Street.                    

Bernanke - two bullets left, one more to shut himself

wallstreetexaminer.com     Jul 2, 2008   1 related          

Drew Matus, economist at Merrill Lynch, is throwing more kaka into our forecasting potion (here is the podcast): Q2 GDP positive, stimulus checks are fading Q3 GDP negative Inflation remains very elevated all this year,...                    

9 recommendations for "More awful housing and inflation data expected this week"

marketwatch.com     May 19, 2008   36 related          

Continued weakness in housing seen in data More awful inflation numbers expected in coming week WASHINGTON (MarketWatch) - Following a quarter-point interest-rate cut in April and heightened rhetoric about inflation, the markets are persuaded that the FOMC won't cut rates again for fear that it...                    

Recession's no sure thing, some analysts say

sun-sentinel.com     May 18, 2008   3 related          

By KELLY EVANS and JUSTIN LAHART | The Wall Street Journal A funny thing happened to the economy on its way to recession: It's taken a detour. Economists also cite swift policy responses, including a sharp reduction in interest rates by the Fed — to 2 percent from 5.25 percent last September —...                    

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