Q3 GDP Tracking: Around 3%
-
From BofA:
Since our last weekly publication, our *3Q GDP tracking estimate is
unchanged at 2.6% q/q saar*. [Oct 11th estimate]
emphasis added
From Goldm...
2 hours ago
12 comments:
Mortgage default warnings surged in August
"This is really the first time we've seen a significant increase in the number of new foreclosure actions," said Rick Sharga, a senior vice president at RealtyTrac. "It's still possible this is a blip, but I think it's much more likely we're seeing the beginning of a trend here."
Ouch.
Broken trends everywhere. On the foreclosure front, a friend of mine was bragging that a friend of his had lived in his house for 2 years without making a payment, then did a short sale to get out of it. I guess that worked out. Maybe it worked out for Boss Hogg!
I feel like the whole financial system is broken.
The financial system is broken not. After defaults happen in Europe and China, then broken will it be.
WV = inking. Not sure if that is referring to the red ink in the budgets and the bank assets or the printing of money to cover the debts.
Mr Slippery & Who Struck John,
It is the [black] hole financial system that has me most concerned!
Sucks, it does. Yes, hmmm.
Ouch.
I heard we were exporting inflation. Can that explain the outbound traffic trend line?
For every $4 of trade from China we send $1 to them, so it would not be surprising to see this imbalance.
Growth trends flattening do not bother me.
A flat economy is also a sustainable economy.
Of course, without growth debt cannot be repaid with interest, that's a problem.
Mark I left a link to the restaurant post a few ago with Jake at EconomPic and he worked up some data as well, check it out:
http://econompicdata.blogspot.com/2011/09/evolution-of-food-consumption.html
Charles Kiting,
July 31, 2008
U.S. Container Exports Still Dominated By Junk -- Scrap Paper, Scrap Metal And Bulk Commodities
Troy,
Can't argue with what you've said.
I would love to see balanced trade. It will eventually get there one way or another. (The "another" way really concerns me.)
GYSC,
I read the link. Thanks for sharing that.
Thanks for writing it.
Post a Comment