Fed Survey finds ‘Modest improvements’ in Economy
The latest Beige Book report from the Federal Reserve shows ‘modest improvements’ in the economy. Accounts from across the Federal Reserve system “indicate either stabilization or modest improvements in many sectors since the last report” the beige book said, “albeit from depressed levels.” Click the photo to the left to view the entire article from Read more ➝
Grim forecast for L.A. and Long Beach ports
Imports at the Port of Long Beach, the nation’s second-busiest port, fell 18.6% compared with a month earlier. Overall cargo traffic is down 26.8% for the year. This according to a new report produced for the local ports but not released to the public. “It’s going to take a long time to climb up out Read more ➝
Ben Bernanke And The ‘Great Panic’
On my drive home yesterday, I was able to listen to the latest broadcast of WHYY’s Fresh Air on National Public Radio (NPR). This week’s show featured an interview with Wall Street Journal economics editor David Wessel on his new book, In Fed We Trust: Ben Bernanke’s War on the Great Panic. The book examines the expanding Read more ➝
Fed’s Beige Book offers brighter assesment
On Wednesday, The Federal Reserve released their Beige Book, a compilation of impressions collected from businesses across the county. This latest report appears to show an economy that is slowing it’s downward slide. Click on the photo to the left to take you to the complete article from the Thursday, July 30, 2009 edition of the Read more ➝
New housing data sends mixed signals
As Reported in the Wednesday, July 29th, 2009 Los Angeles Times, new housing data sends mixed signals about the state of the market. Although the S&P/Case Schiller index of home prices in 20 metropolitan areas was up slightly in May over its April level, the local Los Angles index, which includes Orange County was down Read more ➝
Commercial real estate slumps
The Sunday, July 19th, 2009 issue of the Los Angeles Times featured an interesting article on the state of the Southern California commercial real estate market. Click on the chart to the right, toview the article at the Los Angeles Times website.
The Inflation Question
Our friends at J. P. Morgan Asset Management recently sent me a great white paper titled The Inflation Question. The article, written by Dr. David Kelly, CFA, Managing Director and Chief Market Strategist and Andrew D. Goldberg, Vice President and Market Strategist, lays out a case for low to moderate inflation in the near term.
Interesting Article
A Sagent Wealth Management client recently passed on an interesting TIME article titled, The End of Excess: Is This Crisis Good for America? Click on the photo to the left to take you to TIME website.
Inflation isn’t a worry right now, Fed says
The Federal Reserve, citing continued economic weakness, decides to leave key rate unchanged. Please click photo to the left to read entire June 25th, 2009 Los Angles Times article.
