08/25/2008

Hello:

As the nation turns its attention from the Summer Olympics to the Presidential Election, there are a few economic reports coming out this week that bear notice. To wit:

Tuesday 26

The S&P/Case-Shiller home-price index for June could show a continued steepening in the year-over-year rate of decline, from 15.8% in May, according to Joshua Shapiro of MFR.

New-home sales for July are expected to decline by about 1%, to 525,000 units.

Thursday 28

The initial estimate of second-quarter gross-domestic-product growth was 1.9%. The revised estimate is for a more robust 2.7% annual rate, thanks to stronger exports and weaker imports.

Have a lovely Labor Day Weekend! See you in September!

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager