Consumer market
- Sep Mich Sentiment (preliminary) up to 70.2 from 65.7 in Aug (better than expect, 67.5)
- Jul consumer credit drop -$21.6B from -$15.5B in Jun (worse, -$4.0B)
- Jul wholesales inventories down to -1.4% from -2.1% in Jun (better, -1.0%)
- Comsumer increase their saving and cut lending, hope in long run, consumer will build up a healthier spending habit, on the other hand, it will slow down the recovery if consumer spending are low
- 09/05 initial jobless claim down to 550k from 576k last week (better, 560k)
- 08/29 continuing jobless claims down to 6,088k from 6,247k last week (better, 6,200k)
- Got to see whether it will drop further below 500k & 5.5M in order to tell whether the job market has come out of recession or not
Canada
House market
- Jul building premits down to -11.4% from +1.2% in Jun
- Aug house starts up to 150.4k from 134.2k in Jul
- Jul new house price index up to +0.3% from -0.2% in Jun
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