The House Price Index was just released this morning with the data on house prices in the US for all of 2005. The press release discusses its results for the US as a whole, reporting that: Average U.S. home prices increased 12.95 percent from the fourth quarter of 2004 through the fourth quarter of 2005. […]

There’s a new data release out this morning on personal income and spending. The highlights: Personal income increased $75.2 billion, or 0.7 percent, and disposable personal income (DPI) increased $50.2 billion, or 0.5 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $76.7 billion, or 0.9 percent. In December, […]

News like this makes me shake my head in bewilderment. Or maybe not… maybe it just confirms my presumption that market participants are not always particularly rational. SAN FRANCISCO (MarketWatch) — Shares of Google Inc. dropped sharply Tuesday but recovered some of the earlier losses prompted by the chief financial officer’s comment that the company’s […]