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Sales of autos, housing and computers began to slide.
Which are the strong and weak sectors? A. Consumer cyclicals -- be it autos, housing or apparel -- have problems.
Autos, housing, computer sales, capital spending, corporate profits, consumer confidence, factory production, store sales, income, job creation, stock prices -- all have weakened in recent weeks.
"Estimates for [American] third-quarter gross domestic product (GDP) have been rising, and skeptics might not realize that growth could exceed estimates with no help from the consumer, thanks to strength in autos, housing, inventories, trade and government spending," said Kully Samra, U.K. director of broker Charles Schwab.
Even more curious, how can the Dow be so far up when every business and Wall Street executive I come across tells me government is crushing the economy with its huge deficits, and its supposed "takeover" of health care, autos, housing, energy, and finance?
Similar(55)
After all, increased demand for autos, houses, software, clothes, etc. is considered positive for the economy.
Increased demand for just about all other goods and services — autos, houses, food, software, etc. — is considered a positive thing.
COMPANY EARNINGS Auto, housing and media companies will dominate earnings this week.
Looking at the auto, housing and banking bailouts, we're getting a sense of how the propeller heads around Obama operate.
The number of borrowers who were at least four months behind on a credit card, auto, house or installment loan doubled after the 2001 recession, to nearly seven million, according to credit bureau data analyzed by a Federal Reserve economist.
"Simply put," said Robert J. Barbera, the chief economist at Hoenig & Company, "a boom in autos and housing is impossible from current levels".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com