Retail Sales

Retail Sales are the total amount of merchandise and related services sold to consumers.  It is considered a sign of strength of U.S. Consumer spending, which accounts for roughly two-thirds of the economy.  This indicator also provides insight into which areas of the retail space are experiencing strong sales, such as auto sales. Retail sales excluding food fell by .3% …

Housing Starts

Housing starts track the number of new residential construction projects underway over the course of a month. This indicator has implications for demand in construction spending/jobs, consumer wages, and complimentary sectors such as durable household item sales. Along with building permits, housing starts is considered a leading economic indicator. Housing starts fell in September by 9.4% to an annualized rate …

New Home Sales

New single-family home sales represent the number of brand-new houses that were purchased or committed to being purchased over the course of a month. Data pertaining new home sales is collected from the Selling Office Commission and local building permit offices assuming that new houses built are being built to sell. This indicator has a trickle-down effect as demand rises …

Retail Sales (Excluding Foods)

Retail Sales are the total amount of merchandise and related services sold to consumers.  It is considered a sign of strength of U.S. Consumer spending, which accounts for roughly two-thirds of the economy.  This indicator also provides insight into which areas of the retail space are experiencing strong sales, such as auto sales. Retail sales excluding food rose to 0.36% …

Greece in Focus

The equity markets seem particularly roiled today as a result of the failure of the ECB and Greece to come to a deal on their debt. While this is great news for traders, as it increases the volatility of the markets, it is really a yawner for longer term investors. Here are several reasons why: First, Greece is just not …

The Most Dangerous Job in Sports

If you think playing in 120⁰ heat of Qatar would be miserable, how about those working all day constructing the sites for the 2022 World Cup? Since Qatar won the rights to host in December of 2010, there have been 1200 worker deaths attributed to the construction of the facilities. Is this the cost of the games? Or is the …

2015 Big Mac Index

The Economist has updated their “Big Mac Index”. The index is a creative way of showing vales of goods and services across the globe. The study is performed annually and is intended to visually represent Purchasing Power Parity (PPP) – the idea that long run exchange rates will normalize towards equal prices for a like basket of goods and services. …