WEEKLY QUOTE
“Pleasure may come from illusion, but happiness can come only of reality.”
– Sebastien-Roch Nicolas De Chamfort
JOBLESS RATE RISES, AND SO DO STOCKS
Friday, the Labor Department reported 9.6% unemployment in August. While that was no improvement from July’s 9.5% mark, there was some good news within the report – news that helped the Dow to a [...]
WEEKLY QUOTE
“When there is an original sound in the world, it makes a hundred echoes.”
– John A. Shedd
BERNANKE REASSURES WALL STREET
At the annual Federal Reserve summer retreat at Jackson Hole, WY on Friday, Fed chairman Ben Bernanke said that the central bank “is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, [...]
WEEKLY QUOTE
“Chance favors only the prepared mind.”
– Louis Pasteur
A JUMP IN HOUSING STARTS
In a relatively light week of economic data, one of the notable items was a 1.7% rise in new home construction in July. Economists had expected only a 0.2% increase in that category. However, the Commerce Department said most of the gain came in [...]
WEEKLY QUOTE
“There have been as great souls unknown to fame as any of the most famous.”
– Ben Franklin
UNEMPLOYMENT REMAINS AT 9.5%
The American economy added 71,000 jobs in July but lost 202,000 others (143,000 of those positions were short-term Census Bureau hires). The private sector added 630,000 jobs during the first seven months of 2010; that 90,000 [...]
WEEKLY QUOTE
“Live out of your imagination, not your history.”
– Dr. Stephen Covey
HOME SALES & HOME PRICES IMPROVE
The Commerce Department said new home purchases surged by 23.6% for June, bouncing back nicely from May’s historic retreat. The supply of new homes for sale diminished to 7.6 months worth, much improved from the 9.6 months worth of inventory [...]
QUOTE OF THE WEEK:
“The world demands the qualities of youth: not a time of life but a state of mind,
a temper of will, a quality of the imagination, a predominance of courage over timidity
of the appetite for adventure over the love of ease.” – Robert F. Kennedy
Existing home sales fall … and mortgage rates fall [...]
QUOTE OF THE WEEK:
“To be humble to superiors is duty, to equals courtesy, to inferiors nobleness.”– Ben Franklin
Consumer prices decrease a bit; consumer sentiment drops notably
In June, the Consumer Price Index fell for the third month in a row, heading south 0.1%. Analysts thought the June reading would be flat. The Labor Department noted that [...]
QUOTE OF THE WEEK:
“Each morning when I open my eyes I say to myself: I, not events, have the power to make me happy or unhappy today. I can choose which it shall be. Yesterday is dead, tomorrow hasn’t arrived yet. I have just one day, today, and I’m going to be happy in it.” [...]
QUOTE OF THE WEEK:
“You are never too old to set another goal or to dream a new dream.”– Les Brown
Jobless rate drops to 9.5%
The Labor Department said 83,000 new jobs were created in the private sector in June, yet non-farm payrolls shrank by 125,000 positions (an effect of temporary U.S. Census workers being laid [...]
QUOTE OF THE WEEK:
“The person who makes a success of living is one who sees his goal steadily and aims for it unswervingly.”– Cecil B. DeMille
Highest consumer confidence since January 2008
That is what the final University of Michigan/Reuters survey for June reveals. The index came in at 76.0, an improvement from the final 73.6 [...]
