Current economic conditions
James Hamilton (November 4th, 2009) Writes:
The U.S. recovery is underway. But so far it doesn't look as strong as we had been hoping.
Data source: Wardsauto.com <
U.S. light vehicle sales last month were up slightly from September and about the same as October 2008. Given how dismal those comparison months were, that's not saying much. Last month's sales were 3.5% below the average level of April through June, which, because sales usually decline a bit more than that in the fall, counts as a modest seasonally-adjusted improvement. We seem to be past the bottom for autos, but climbing back painfully slowly at this point.
Source: Calculated Risk
The same might be said of new home sales, which despite a slight setback in the most recently reported month (September), have definitely been gaining from the lows reached in March. But there's
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