Tag Archives: economy

From the Desk of Robert Dye

Taking Auto Sales Out for a Test Drive Data from the Bureau of Economic Analysis shows that U.S. light vehicles sales bottomed out in the Great Recession in February 2009, at a 9.0 million unit sales rate. Auto sales have … Continue reading

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From the Desk of Robert Dye

Things Are (not so) Great Even before The Great Recession, things were getting really great. Economists had already coined the term “The Great Moderation” to describe the recent tendency of U.S. business cycles toward longer expansions. This is clearly evident … Continue reading

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From the Desk of Robert Dye

Negative Interest Rates We had a timely question from a client today about negative interest rates. I hope that my answer may be beneficial for others as well. Q – Do you think the Fed will ever implement negative interest … Continue reading

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From the Desk of Robert Dye

Brexit Highlights Europe as a Source of Uncertainty in 2016 On June 23 the United Kingdom will vote on whether to stay in the European Union, or to leave. If the vote is to leave the EU, that does not … Continue reading

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From the Desk of Robert Dye

The solid gains in equity prices through mid-2015 are evaporating. Gold prices are up. Oil prices are down. The yield on the 10-Year Treasury B bond is down to 1.63 percent, within striking distance of the mid-2012 lows. Financial markets … Continue reading

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Comerica Economic Weekly

Economic data leading up to the Federal Open Market Committee meeting of next week was within expected ranges. The most significant data point of the week was the price of oil, which has now dropped to about $36 per barrel … Continue reading

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Comerica Economic Weekly

U.S. payroll job growth for November was a little stronger than expected, coming in at 211,000 net new jobs. The unemployment was unchanged at 5.0 percent and average hourly earnings ticked up by 0.2 percent for the month. The solid … Continue reading

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Comerica Economic Weekly

U.S. economic data released in the middle of November was mixed. However, the Federal Reserve gave a clear signal in the minutes of the October 27-28 FOMC meeting that there is a good chance they will begin raising the fed … Continue reading

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Comerica Economic Weekly

It’s all about the Fed. This week, various Federal Reserve officials, including FOMC Chairwoman Janet Yellen, made non-committal statements bolstering financial market expectations of a December 16th fed funds rate hike. Meanwhile, European Central Bank President Mario Draghi hinted at … Continue reading

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Comerica Economic Weekly

U.S. economic data released in the first week of November reinforced our view that the household sector is strengthening and will keep the overall economy expanding at a moderate rate into 2016 despite the drag from a consolidating energy sector … Continue reading

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