November 10,2012

SANDY ,SANDY, SANDY ……….who knew? I thought only hurricanes warranted a name, by the time Super Storm Sandy came ashore the wind speeds were 10 miles per hour below the threshold to be considered a hurricane but no one was prepared for 13 foot surges,the waves and the rain caught some of them off guard,… Read more »

October 27, 2012

UNITED STATES OIL PRODUCTION ON PACE TO SURPASS SAUDI ARABIA With new technologies and higher prices the U.S. output is going to surpass the Saudies sometime within the next two years,2012 is on pace to be the biggest one year increase since 1951, we have been averaging 7% increases over the last four years, the… Read more »

October 23, 12

The National Association of Home Builders (NAHB) Paints Rosy Picture Last Friday the NAHB came out with their September numbers and their forecasts for the next six months. According to NAHB out of the 337 largest metropolitan areas, 188 saw an increase in construction employment 119 saw a decrease,and the rest were stagnant.Also,the housing starts… Read more »

October 15, 2012

"U.S. OUTLOOK IS ONE OF NEAR-TERM WEAKNESS AND LONG TERM STRENGTH’ anyone puzzled by recent economic numbers is not alone,they can be contradictory and confusing sometimes and as we have learned in the past consumers spending habits usually run hand in hand with the consumer confidence index.Everyday their is good news and then the next… Read more »

September 2012

The housing market rebound is gaining strength, foreclosure sales are decreasing,existing home sales in July and August were the best they have been since May of 2010,and the Commerce Department reported that 2.3% increase in August represents a seasonally adjusted rate of 750,000 housing starts.The National Association of Home Builders (NAHB) said that builders confidence… Read more »