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Tag Archives: building permits
Fed Rides to the Rescue – On a Broken-Down Horse
The Federal Reserve announced today that they will continue Operation Twist through the end of 2012. Given the ongoing problems in Europe and the widespread weakness in the global economy, the Fed was widely expected to take substantive action to … Continue reading
Market Diverges From Economic Data
Economic releases were mixed last week. Building permits came in stronger than expected, but are still at anemic levels. Leading indicators were up 0.3% last month, which was also stronger than expected. Unfortunately, the ECRI weekly leading indicator (WLI) declined … Continue reading →