by Paul Lengemann, BullsnBears Economist | Jul 25, 2018 | alerts, archive, Markets/Economy
New single-family home sales in June declined 5.3% month to month vs. a 3.9% increase the month before. This is the lowest level since October 2017. The home sales numbers are in line with the general weakening in economic activity. The median selling price declined...
by Paul Lengemann, BullsnBears Economist | Jul 23, 2018 | alerts, archive, Markets/Economy
The US economy is showing more signs of softening. The latest signal was the housing market which posted its third monthly existing home sales decline. On a monthly basis home sales in June declined 0.6% after declining 0.4% in May. Home sales fell to $5.38 million...
by Paul Lengemann, BullsnBears Economist | Jul 10, 2018 | alerts, archive, Markets/Economy
More signs of economic contraction are emerging daily. Today the German research firm ZEW (Center for Economic Research) announced that its index for investor’s confidence took a big hit. Investor expectations for Germany fell to minus 24.7 in July from minus 16.1 in...
by Paul Lengemann, BullsnBears Economist | Jul 9, 2018 | alerts, archive, Markets/Economy
The week is starting off with difficult issues rearing their ugly heads. Just when President Donald Trump is starting his European trip, the UK, Trump’s first stop, is entering into a political crisis over Brexit. There is a good possibility that the May government...
by Paul Lengemann, BullsnBears Economist | Jul 6, 2018 | alerts, archive, Markets/Economy, Tariffs
Friday July 6, 2018, was D-Day for the tariffs. They are now official. So far the US economy looks pretty good according to the June jobs report. Unemployment is at 4% (up slightly from the 3.8% level reached in May) and, importantly, the labor participation rate...
