On Tuesday major auto manufacturers indicated that their October sales rebounded significantly following a weak September.
The increase to the US annualized sales rate was nearly 20 percent better than September’s measure. Early estimates show the bump adding $5 billion, or roughly 1.5% to October’s retail sales numbers versus September’s readings.
It now appears as though consumers [...]

Roger Wiegand of Trader Tracks Newsletter finally says what I always figured: “Cash for Clunkers was a real clunker. One out of four auto buyers using this program is having buyer’s remorse as they just signed-up for so many new payments they cannot afford.”
Thanks, Roger! I always had a hard time believing in the unbelievable [...]

Last week marked the end of the Cash for Clunkers program. Many have called it one of the best economic stimulus programs ever implemented. Of course the White House has called it “Wildly Successful.”
“This is one of the best economic news stories we’ve seen and I’m proud we were able to give consumers [...]

Manufacturing in the Philadelphia Federal reserve’s region unexpectedly expanded in August for the first time in almost a year. Thursday’s report is yet another sign that Q3 economic growth will indeed be stronger than many continue to purport.
According to the report: “The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, increased [...]