Xmas Sales Lower Than Expected
Wednesday December 27, 2006
The final week of Christmas saw U.S. same-store sales up only 1.7% over last year, according to the International Council of Shopping Centers. The ICSC also reported that the ... Read More
2006 Current Account Deficit Could Exceed $900 Billion
Tuesday December 19, 2006
So far this year, the U.S. current account deficit is 15% higher than it was last year. If it continues at this pace, it will be more than $900 billion, ... Read More
Services Sector Leading GDP Growth - What Does That Mean for You and the US Economy?
Tuesday December 12, 2006
The Bureau of Economic Analysis (BEA) reported that the driver of the US economy last year was services, not manufacturing or consumer products. The services sector, which comprises 70% of ... Read More
Dollar Decline - Higher Import Prices for Christmas?
Wednesday December 6, 2006
Since October, the dollar has declined dramatically against most major world currencies. The exchange rate between the dollar and the yen declined 3%, from 118 yen to 115 ... Read More