A Hint of Sunshine In December Outlook

Last week’s dour overview of the potential effect of the Eurozone crisis seems inconsistent with Econintersect’s December 2011 economic forecast which suggests a weak but improving USA economy. There is no argument from the pundits that the USA economy seems stable, the disagreements begin when Europe (or even the BRICs) begins to be factored in.  …

The Coming of an Economic Firestorm?

Technical analysis of the data which historically predicts future USA economic movements reveals a number of metrics have strengthened in the last 30 days. The particular data sets used by Econintersect to develop forecasts show a similar pattern. Yet, beyond the U.S. borders, there are disturbing and unquantifiable developments:

House Prices Have Further to Fall

Next week we will see the National Association of Realtors (NAR) data on existing home sales. The report should show a seasonally adjusted improvement in volume of home purchases – while home prices continue to contract – compared to volumes and prices one year ago.

Don’t Look Now but Construction Spending is Up Y-o-Y

Continued growth is expected in construction spending which will be released next week. Americans are an impatient lot – and impatience can be a good thing. The economy is not strong enough, so it is argued something must be done. Many economists believe a nice fiscal fix (drug world talk) is in order to set …