Where to Buy

What is your zip code?

 
 
 
  Feedback

Comments? Suggestions? Compliments? Complaints? What's on your mind?



Your name:

Your e-mail address:

Taco frequently sends emails on product updates and other announcments. If you want to subscribe please click here.



SUBMIT FEEDBACK
 
 
 
  Rate the information on this page
(1 = Least helpful - 5 = Most helpful)

Thanks for voting!
 
 
  We're Here to Help

How can we help? Please choose a category for immediate help.






 
 












Need Help?

Latest News


March 2 — Despite a string of recent negative economic reports, the U.S. economy remains on track to recovery, says Jim Haughey, chief economist for Reed Construction Data, in his blog at www.reedconstructiondata.com.

Haughey cites several recent indications that the economy continues to falter:
  • Stock market indexes are down from high points earlier in the year.
  • Unemployment insurance claims have spiked in recent weeks.
  • New home sales in January fell to a record low.
  • Consumer confidence plunged in February.
  • Factory shipments fell in January.
  • Interest rates slipped slightly, suggesting weak demand.

But, he says, "This run of bad news is not unusual at this stage of an economic recovery." There are two reasons to believes these reports actually underestimate the strength of the economy, he adds.

"First, the unseasonably bad weather has clearly cut the job count, especially in construction. This is temporary and will be reversed," Haughey says. But in the meantime, fewer people working means fewer goods produced and this affects other economic reports.

"Second, inflation is now barely above 0.0%," he says, some are even falling. "While this is positive in the long run, it is currently reducing the reported value of factory and consumer sales."
  • Focus on the good news, Haughey says.
  • Factory orders for durable goods rose in January.
  • Factory production—units, not dollars—rose, too.
  • Federal withholding tax collections are rising recently.
  • Credit is becoming more available for commercial real estate.

"Lenders are selling bad loans to speculative investors at discounts as high as 70% and using the cash to increase mortgage rollovers and new lending."

Read the complete blog entry here.