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The Economic Week In Review

The Economic Week in Review: wsj.png
  • Existing Home Sales rose 2.9% in February, housing supply is sitting at 9.6 months nationally.
  • The Case Shiller Index came out with LA County down 16.5%.
  • Consumer Confidence continued it’s downward spiral to lowest level since 2003
  • New Home Sales were down 1.8% to a 13 year low.
  • Durable Goods dropped for second month in a row, giving credence to the fact that we are already in a recession.
  • Jobless Claims were improved.
  • Personal Income and Outlays rose more than expected, but they cite technical reasons for this, such as Medicare Part D payments and government assistance that were given out.
  • Consumer Sentiment showed slight weakness, not enough to upset the markets.
  • Markets ended the week down 1.2% at 12216.40. Of the 30 Dow components, 22 posted losses.
  • Bonds…2 year 1.69%, 5 yr. 2.54% and the 10 yr. 3.48%.
More at Burbankmarketreport.com.....
Posted Friday Mar 28