Economic Reports 12/18/06
Summary: Home Builder expectations holding somewhat steady at a historical low. A record deficit and market vulnerability to manipulation by foreign interests.
NAHB/WF Housing Index Dec 32 vs prior 33 Full Report
Inside the number: Holding steady, but still at historical lows with plenty of leeway to drop further. NorthEast 37 vs 37; MidWest 22 vs 15; South 39 vs 40; West 31 vs 35
Current Account Deficit Q3 -$225.6B vs prior -$ 218.4B Full Report
Inside the number: The deficit on goods and services trade UP, $200.3B vs $193.1B. The deficit on goods UP, $218.6B vs $210.6B. The surplus on services trade UP, $18.3B vs $17.5B.
Foreign buyers purchased $138.8B in Treasurys, UP from $127.3B. The deficit on income UP to a record $3.8B from $2.2B.
This is the broadest measure of international flows of goods, services and capital in and out of the U.S. The deficit tells us how much we need to attract in foreign money to keep borrowing and consuming.
We now have a record high deficit equal to 6.8% of GDP. US Financial Markets have never been more vulnerable to manipulation by foreign interests.
NAHB/WF Housing Index Dec 32 vs prior 33 Full Report
Inside the number: Holding steady, but still at historical lows with plenty of leeway to drop further. NorthEast 37 vs 37; MidWest 22 vs 15; South 39 vs 40; West 31 vs 35
Current Account Deficit Q3 -$225.6B vs prior -$ 218.4B Full Report
Inside the number: The deficit on goods and services trade UP, $200.3B vs $193.1B. The deficit on goods UP, $218.6B vs $210.6B. The surplus on services trade UP, $18.3B vs $17.5B.
Foreign buyers purchased $138.8B in Treasurys, UP from $127.3B. The deficit on income UP to a record $3.8B from $2.2B.
This is the broadest measure of international flows of goods, services and capital in and out of the U.S. The deficit tells us how much we need to attract in foreign money to keep borrowing and consuming.
We now have a record high deficit equal to 6.8% of GDP. US Financial Markets have never been more vulnerable to manipulation by foreign interests.
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