Weekend Edition of EconomyGuy. This is a special edition of EconomyGuy sent to you as a present. It contains a real estate lesson being played out RIGHT NOW, and could provide you some more money in your pocket if you invest in real estate – or are a home owner. Real Estate Insight…… I have [...]
Here are the closing statistics for our key indicators: DJ30 – 12,639 up 55 US Treasury 10 Year Bond – 3.16% down 0.01% – a very low interest rate right now. USDEUR - 1.4313 Gold – $1495 up $10 Oil – $97.18 down $1.74 The standouts in the above measures are US Treasury interest rates [...]
The US Housing Market….. I think it would be worthwhile putting the size of our financial problems into perspective. First of all, the US Fiscal Budget Deficit is about $14 TRILLION. Let’s use that number as our benchmark. If we are ever to get back to a healthy budget, we have to pay off that [...]
Stocks and bonds were sideways today. The Dollar lost 1.5 cents against the Euro which sent oil and gold prices higher. In the news today…… Detroit Real Estate – prices are astonishing. Can this happen else where? Or, is this just associated with the car industry meltdown? 20% of Detroit foreclosure are being left empty. [...]
Stocks continued their downward slide, but like most down days, they recover at the end of the day. (Have you ever asked yourself WHY?) All other markets went sideways too. In the news today…… Geithner called to resign – over the auditor report of his handling of the AIG affair while he was Fed Chairman [...]
Stocks tumbled today, and could be starting a long road downward. Bonds increased in value (lower interest rate) but within its current trend. The Dollar gained almost one cent against the Euro, and drove the other markets. Oil, gasoline and gold all fell with the stronger Dollar. In the news today….. GMAC – wants more [...]
All markets moved sideways today – very boring. In the news today….. Home Building Permits – fell in September. This shows that home builders got the message – there is going to be plenty of competition from foreclosures in the near future. Wholesale prices – fell last month, but not much. This is a fairly [...]
Everything went sideways today, except the Dollar and Gold. It definitely looks like stocks have topped out, but time will tell. The Dollar strengthened somewhat, and gold fell significantly. Is this what we can expect in a down stock market? In the news today….. Consumer Confidence – fell in July. While this is a flakey [...]
Stocks continued their recent climb. Bonds, oil and gasoline all went sideways. The Dollar lost over one cent – a major move downward. Gold gained $11, and has broken out of its recent trading range to the upside. In the news today…. Economic Indicators – were up in June. Ergo the increase in the stock [...]
Stocks and bonds moved sideways today. The Dollar FELL dramatically against most currencies. Oil and gasoline went up – and this was driven by the weak Dollar Gold went up slightly – and this was driven by the weak Dollar. In the news today….. Existing Home Sales – rose 2.4%, the 3rd month in a [...]
