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US Economy (Friday Blanks): Personal Income data worries are back, Chicago PMI

Personal income data rang a few alarms despite a positive disposition, that is spending for the year is up 4.1% with income only up 3.2% and that should worry anyone with economy;s recovery plans from Q1 still firmly building up

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Posted in Financial Markets, Retail Lifestyle, US

US Economy: A 13 bp rise in retail Home loan rates hurt!!!

The Purchase and Refi indices crashed -1% and -9% for a composite downtick of 7.4% this week even as 3 in four mortgage applications were from Refi last week. Illinois in the meantime had a resounding 46% mandate for Romney,

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Posted in Amitonomics, Banking, Europe, European Sovereign Debt crisis, Global, US

US Economy: The consequences of a Romney win, Auto PMIs and all that Europe but PE pay

At some stage , all Americans will deal with the question. As of now ahead of Super Tuesday, only data for Ohio favoring Santorum and Georgia favoring Newt 2012 campaign’s available and after the win of nearly 59 delegates yesterday

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Posted in Financial Markets

US Economy: Pending Home Sales rise in the South, Dallas Index jumps to 25 (Employment)

January contract signings were up 2%, to rise 10% in the South, likely to be manifested in next months’ existing home sales numbers and in Economic growth with a double digit contribution for the South ‘meaning plenty’. November’s data had shown

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Posted in Financial Markets