Economy Watch: The Pluses, Minuses of Market Turmoil on Real Estate
The equities market drops that started last week, which are worldwide in scope, seem to have the makings of the correction that observers have been predicting and investors have been worried about for some time. As of Monday morning, Asian and European exchanges continued to fall. So far this year, all of the major U.S. exchanges have lost value, besides what they lost last week. The impact of the stock market movements on the various forms of real estate tends to be indirect, and include both positive and negative elements… Read more »
Strategist: The Market Selloff Has Nothing to Do With the U.S. Economy
The selloff in U.S. equities resumed on Monday. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened well in the red after index futures contracts hit their daily loss limits in premarket trading but have since moved off their lows of the day. Does the stock market reflect softening in the U.S. economy, or is there a divorce between the two?… Read more »
Fed Gets New Excuse to Not Raise Rates
The stock market’s stomach-churning volatility could be just the thing to let the Federal Reserve off the hook. Some wonder if the stock market’s sudden turbulence raises enough doubt about the economy to hold off the Fed even longer and back away from taking up short-term interest rates in the upcoming September meeting… Read more »
Arizona Economic Growth Ahead of National Average: BMO Economics
The Arizona economy is poised to accelerate again in 2015, with real GDP expected to grow 2.8 percent,? according to the bi-annual U.S. State Monitor Report from BMO Economics. “Arizona?s growth is ahead of the national average and has improved from 1.4 percent in 2014,” said Robert Kavcic, Senior Economist, BMO Capital Markets. “The ongoing housing market recovery, sturdy population growth and exposure to a wide range of high-tech manufacturing should all help drive above-average growth in the years ahead”… Read more »
State Ends Year with $325M Surplus
Arizona ended its most recent budget year in the black ? to the tune of $325 million. New revenue figures from the Arizona Legislature?s Joint Legislative Budget Committee show the state ended its fiscal year with a surplus. JLBC originally pegged a $266 million surplus, but said in its August financial report that tax collections came in $59 million above that… Read more »