Archive for July 20th, 2010

Moody’s/Real National Commercial Property Index Rose 3.6% In May

Moody’s/Real National Commercial Property Index rose 3.6% in May and it is now running at  -6.3% YoY. Chart 1. Moody’s/Real National Commercial Property Index

Baltic Dry Index At 1761, Up 1.7%

Floating at (a temporary) bottom… Chart 1. Baltic Dry Index

U.S. Housing Starts Fell 5.0% In June

U.S. housing starts were reported at 549.000 vs. revised 578.00 May reading. The consensus was at 577.000. Building permits in the same period rose 2.1% to 586.000. Chart 1. U.S. Housing Starts Chart 2. U.S. Building Permits

Goldman 2Q EPS 78C vs. $1.99 Estimates

Ouch…. It looks bad on first sight, but when we exclude non-recurring items (SEC settlement,  U.K. bank payroll tax) the figure is $2.75. Press release. The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $8.84 billion and net earnings of $613 million for its second quarter ended June 30, 2010. Diluted earnings per common share were $0.78 […]

Niall Ferguson On Expansionary Policy Opinion Piece: Today’s Keynesians have learnt nothing. Great piece by the world most famous historian. Expansionary policy leads only to increase in debt, inflation and subsequent losses by the creditors. It was said of the Bourbons that they forgot nothing and learned nothing. The same could easily be said of some of today’s latter-day Keynesians. […]


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