CoreLogic Reports 45,000 Completed Foreclosures in July
Hopefully, their boost in savings will start to burn a hole in the economy's pocket.
Maybe investors have realized that the best growth prospects remain in the United States
A sharp downward revision to first-quarter GDP will have many economists reaching for their erasers, but I'm taking a wait-and-see approach, writes Morningstar's Bob Johnson.
Shopping center data hit new highs, auto sales broke all expectations in June despite strong headwinds, and pending home sales made one of their biggest jumps in the recovery.
This week's GDP report now makes my original full-year 2.0%-2.5% GDP forecast a real possibility, writes Morningstar's Bob Johnson.
Additional oil and gas production and shipments explain why the trade deficit has held steady or even improved amid the recovery.
When examined more carefully, the economy seems to be picking up a little bit of steam.
After some truly horrendous data in December, January, and February, the economy needed its recent show of strength just to get back to the trend line.
The period you examine makes a relatively large difference in guessing what the economy's true trend is.