Stock

Dallas Fed: “Texas Manufacturing Expansion Continues”

From the Dallas Fed: Texas Manufacturing Expansion Continues Texas factory activity continued to expand in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell four points to 13.9, suggesting output growth continued but at a slightly slower pace than in August. […]

Stock

September Vehicle Sales Forecast: 16.8 Million SAAR

From JD Power: Record Q3 Spending Accelerates Auto Sales After Year’s Slow Start New-vehicle retail sales in September are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,007,000 units, a 15.2% decrease compared with September 2018. Controlling for […]

Real Estate

How Does the Supply of Homes for Sale Impact Buyer Demand?

The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Buyer Demand The […]

Tax

KPMG, shooting itself in the foot

Times are getting tough at KPMG. As the FT has reported: KPMG has told hundreds of its UK employees to hand in their work mobiles as part of a cost-saving drive ahead of its latest financial results. And they add: It is the latest attempt by KPMG to rein in costs after it informed 630 […]