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Mortgage Loan Originations Lowest Since November 2008, Down 60% Year-Over-Year, Cash Sales Strong

MishTalk

2008 (down 60% Y/Y) Property sales remained relatively strong (total year 2013 was up 8.4% from 2012), supported by increased cash purchases (which accounted for more than 40% of Q4 sales) HARP origination volume has declined significantly (down 70% Y/Y), with fewer existing loans now eligible for the program: approx.

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Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. Amazingly, Bernanke spoke of pent-up demand for housing in January of 2008 The January 29-30 transcript was a whopping 194 pages long. As you know, we are not forecasting a recession.

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Retail Sales Rise in Germany and France, Decline in Italy

MishTalk

Retail Sales Rise in Germany and France, Decline in Italy; Margin Squeeze in Germany and France. Italy: Sharpest drop in retail sales since April. In Italy, Markit reports Sharpest drop in retail sales since April. Rate of decline in retail sales accelerates for second straight month. Tuesday, July 30, 2013 11:17 AM.

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Mish's Global Economic Trend Analysis: European Car Sales.

MishTalk

European Car Sales Plunge to 20-Year low. Amidst all the happy talk that Europe is on the verge of some sort of recovery, here is yet another counterpoint: European Car Sales Plunge to 20-Year Low. in June, bringing total sales for the first six months of the year to just 6.44 Among smaller markets, sales plunged 42.7%

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The Best Approach to Decision Making Combines Data and Managers’ Expertise

Harvard Business

Data is now the critical tool for managing many corporate functions, including marketing, pricing, supply chain, operations, and more. This movement is being further fueled by the promise of artificial intelligence and machine learning, and by the ease of collecting and storing data about every facet of our daily lives. Insight Center.

Data 28
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Downside Data Surprises in Canada; Bad Weather Up North? How About Recession?

MishTalk

The string of bad data reports not only applies to the US, economists up North appear to be no better at predicting the weather than US economists. Variant Perception reports Downside Data Surprises Continue in Canada. Statistics Canada said Friday retail sales fell 2.0 Retail Sales in Volume Terms Decreased 1.2%.

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Inside a Fortune 500 Boardroom

CaseInterview.com

In contrast, my favorite boardroom belonged to a clothing retail chain in California during the Great Recession of 2008. The company had suffered a 40% drop in sales. Check out our Privacy Policy below for details on how we protect and manage your submitted data. My second thought was, "Look at all that unnecessary cost.".