Data now coming in for the first month of 2012 points to the possibility of a very soft GDP rate for the month. Despite this, employment numbers look to have been pretty decent, with momentum on the jobs front carrying well into February, and consumer confidence has just once again exceeded expectations.

Going forward, it is often pointed out that ( Read more... )

David Wong writes, "Picture your ideal future. OK, not your ideal future, where you're the last man on earth fighting the zombie horde, but society's ideal future: Energy is clean and limitless, goods are plentiful and machines take care of all the dirty work. So everybody's happy, right ( Read more... )

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Today the Associated Press is reporting that the "Recovery in Danger as Firms, Homebuyers Cut Back." As syndicated to CNBC, the AP notes:

The economic recovery appears to be stalling as companies cut back last month on their investments in equipment and machines and Americans bought new homes at the weakest pace in decades...

Taking out the ( Read more... )

By MERCEDES CARDONA
Posted 3:00 PM 08/20/10
Company News, Blockbuster, Saks, Retail, American Eagle Outfitters

Your next shopping trip may not be as convenient as it used to be. The second quarter earnings season brought news from ( Read more... )

No Quarter Radio’s Sense on Cents with Larry Doyle
Welcomes Rick Davis:This episode of NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode in its entirety by clicking the play button on the audio player provided below. Once the audio begins, you can advance or rewind to any portion of the episode by ( Read more... )

From Econoday.com

New Home Sales Released on 9/25/2009 10:00:00 AM For August, 2009   PriorConsensusConsensus RangeActual New Home Sales - SAAR433 K445 K425 K to 460 K429 K
Highlights
Momentum in the housing market has slowed, indicated ( Read more... )

The euphoria continues to spill forth from the business presses. Several more weak economic reports in two days, and apparently even Bloomberg has figured out that the masses are simply tired of reading bad news. Thus:U.S. Durable Goods Orders, Excluding Cars and Planes, Unexpectedly Advance
July 29 (Bloomberg) -- Orders for U.S. durable goods, ( Read more... )

Credits: Econoday.com

WEDNESDAY:
Durable Goods Orders Released on 3/25/2009 8:30:00 AM For February, 2009   PreviousConsensusConsensus Range New Orders - M/M change-5.2 %-2.0 %-3.0 % to 1.0 %
Market Consensus ( Read more... )

December's sales of new homes and orders for durable goods fell through even the most pessimistic forecasts, and way below consensus estimates. And if that wasn't ugly enough, prior monthly numbers were revised sharply lower.

Perhaps most troubling, in stark contrast to the much-ballyhooed claims that the first quarter of 2009 would begin the ( Read more... )