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2017-05-24

June Reading List

I should have started this many years ago - but from now on I am keeping a reading list which will be updated at the end of each month. 

This month I am reading:

American Nations by Colin Woodard

The New Industrial Age by JK Galbraith

The Politics of Industry by Walton Hamilton

Central Banking In Theory And Practice by Alan S. Blinder 

- Chad 

Last Month’s New Home Sales Were Substantially Lower Than Economists Had Been Expecting - WSJ



Last month’s new home sales were substantially lower than economists had been expecting. - WSJ

U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more modest retreat from March sales of 642,000, which were the highest since October 2007. Sales in April were still up 0.5 percent from a year earlier. Economists were inclined to view the April reading as a one-month blip. Ian Shepherdson, chief economist at Pantheon Macroeconomics, called last month's drop "a correction from the March cycle high, not a warning sign ... We expect sales to rebound somewhat in May, and to return to the March high, at least, over the next few months." - From the AP