U.S. wholesale prices in June fell by 0.5%, according to figures from the U.S Labor Department, which suggests the economy is recovering without inflation. The drop was greater than forecast, Bloomberg reported. A survey of economists had forecast a 0.1% decline.
Consumer debt is at its lowest level since 2000, the newsletter added.
U.S. productivity continues to improveit's been moving up for eight quarters. To keep improving productivity, businesses will have to begin permanent hiring soon, the newsletter notes.
Similarly, single-family home inventory is at a 40-year low. Any jump in demand will be a powerful spur to new construction.
Some 1.65 million U.S. properties received some level of foreclosure filings in the first half of the year, reported RealtyTrac, a real estate market data firm. These filings include default notices, auction sale notices and bank repossessions.
The number was 5% below the previous six months but 8% above the number in the first half of 2009. Banks seized some 269,962 homes in the second quarter, an increase of 5% from the previous quarter and 38% above the number in the second quarter 2009.
The pace of properties entering the foreclosure process slowed during the quarter, explained James J. Saccacio, RealtyTrac CEO, but banks also moved more aggressively to clear up the backlog of foreclosures already in progress.
The sum of the economic news is plenty of uncertainty and lots of opinions.
Consumers and businesses lack confidence that the economy is really on a solid footing. Banks are holding down lending, and many economists say that's hurting small businesses and thus the economic expansion. The stock market has been trending down, with periods of optimism mixed in. Wall Street firms are reported to be hiring in anticipation of a solid bull market.
According to Former Federal Reserve Chairman Alan Greenspan, the economy has run into an invisible wall, but, "this is essentially a typical pause that occurs in an economic recovery."