Economics Update

Click for full size

---

Case Shiller Graph Pron (Both) Courtesy Calculated Risk


Woah: Las Vegas -55%, Phoenix -53%, Miami -46.9%

In the, "Well, this can't be good," category, we have the Conference Board's Consumer Confidence Index fell, with the numbers for the current economic situation falling to a 26 year low.

Still, we have seen the Case-Shiller home prices rising for the 4^th straight month, though, with the expiration of the first time home buyer tax credit, and the end of the home buying season, I do not expect this to continue.

In the old standbys, oil was largely unchanged, remaining just below $80/bbl, and the dollar rose on concerns about the consumer confidence numbers.