Archive for July 31st, 2010

Restaurant Performance Deteriorates Further in June

| July 31, 2010

The National Restaurant Association reported that their Restaurant Performance Index (RPI) declined for a third straight month to 99.5 in June, moving further into negative territory as shown on the following graph from Calculated Risk. Any reading below 100 denotes contraction in the industry, and the index has been moving sharply lower after peaking in […]

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Number of Problem Banks Doubles over the Past Year

| July 31, 2010

Bill McBride of Calculated Risk tracks an unofficial list of problem banks and has seen their number more than double over the past year from 389 (with $276 billion in assets) on August 7, 2009 to 808 (with $415 billion in assets) today. The official list maintained by the FDIC–which is not made public–uses the […]

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Second Quarter GDP Estimated at 2.4%

| July 31, 2010

The Bureau of Economic Analysis reported that their initial estimate of second quarter GDP is 2.4%, a decline from the revised first quarter figure of 3.7%. The final phase of the inventory adjustment process contributed nearly half of the reported growth, with real growth coming in at about 1.3%. Real growth figures over the past […]

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Intermediate-term Forecast for July 31, 2010

| July 31, 2010

Stock Weekly Chart Analyses The following weekly chart analyses provide intermediate-term forecasts for the stock markets that we monitor. For short-term outlooks see the latest short-term forecast and for long-term outlooks see the latest long-term forecast. The S&P 500 Index The index closed near unchanged this week, holding at recent highs of the short-term uptrend […]

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