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Monthly Archives: April 2008
Second quarter of US contraction now confirmed
Today we received the official first guesstimate of US Q1 GDP from the BEA. In real, after-inflation terms, we were told that the economy grew for the second quarter in a row by a sub-par but conveniently positive .6% “annualized”. … Continue reading
BNN interview today Wed April 30 at 920am
Ms. Park was the guest Portfolio Manager on BNN, Market Lookahead today at 9:20am. The clip is available for replay on line for a limited time after the appearance at www.bnn.ca.
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Housing Index heading off chart
Today the latest S&P/Case-Shiller Home Price Index fulfilled my expectations with an accelerated decline of -12.7% Y/Y in February, down from -10.7% Y/Y in January. The Composite-10 index was even worse at -13.6% Y/Y, down from -11.4% Y/Y in January. … Continue reading
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