Month: August 2009

Economics to know for Friday Morning

Here is how the employment numbers are shaping up:

This week we saw the ADP employment numbers and they were slightly worse than anticipated. That shook the markets on Wednesday. Then on Thursday, we saw the weekly initial jobless claims numbers and while they were better than expected (550k vs. 580k...

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TrimTabs Estimates U.S. Lost 488,000 Jobs in July

The latest from TrimTabs…..

TrimTabs Estimates U.S. Lost 488,000 Jobs in July
BLS Likely to Revise Job Loss Estimates Sharply Higher for First Half of 2009

Sausalito, CA August 5, 2009 TrimTabs Investment Research estimates that the U.S. economy lost 488,000 jobs in July, considerably more than the consensus estimate...

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Links and Reading for August 4th

Some of the more interesting and important items for August 4th :

Bank of America Among Worst for U.S. Mortgage Modifications, Treasury Says – Surprised?
Toyota Sees Outlook Improving – Nice to see…
US consumer spending rises in 2nd straight gain (AP) – But, look at revisions…
SEC, BofA Settle Over...

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Revisions to PCE and Income… Nasty

Personal income dropped to the lowest point in four years according to reports. This is in advance of the retials sales release later this week. How will consumers spend if there are less jobs now and lower income?

Add to this that the personal savings rate is growing exponentially and we...

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Series – Cash For Clunkers #2: AutoNation (AN)

Company Description:   AutoNation Inc. (AN) retails, finances, and services new and used vehicles.   The company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products, and collision repar services.   AutoNation operates throughout the United States.

AutoNation and...

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