Memorial Day Holiday, Look what a couple of extra trillion looks like (OT)

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Provided to you Exclusively by Sandra Riechert

 

 

 

 

 

 

 

 

 

 

 

Sandra Riechert Sr. Loan OfficerWA Lic. #510-LO-50040Idaho Lic. # MLO-10615 American Pacific Mortgage Direct: 509-994-4866 Fax: (509) 267-6124 E-Mail: sriechert

 

 

 

 

 

 

 

 

 

 

For the week of May 25, 2009 | Vol. 7, Issue 21

 

 

 

 

 

 

 

 

 

Memorial Day Holiday

 

 

 

 

 

 

 

 

 

 

 

 

 

As your Trusted Advisor, I sincerely hope you have been enjoying your complimentary subscription to the MORTGAGE MARKET GUIDE WEEKLY. As the Memorial Day holiday is being observed, the next full issue will arrive on Monday, June 1. I hope you and your family had a peaceful Memorial Day holiday, as we remember the sacrifices of all of our Armed Forces servicemen and women, past and present, who have worked so hard to protect our great country.

The MORTGAGE MARKET GUIDE WEEKLY is the industry's leading publication of this type, and I am pleased to provide this valuable resource to you. If you feel any of your clients, friends, family members, or associates would benefit from keeping up-to-date on market and economic trends in this easy to read format, please let me know, and I would be more than happy to add them free of charge. Best wishes to you, and please do not hesitate to contact me if I may be of any assistance to you at this time!

 

 

 

 

 

 

 

 

 

The Mortgage Market View...

 

 

 

 

 

 

 

 

 

 

 

 

 

What's A Couple Extra Trillion?

These days, the government often tosses around "billions" and "trillions" as they talk about various programs. Here's a great way to visualize what these amounts actually mean.

Let's begin with what $1 million looks like. Believe it or not, this little pile is $1 million (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it. While a measly $1 million looked a little unimpressive, $100 million is a little more respectable. It fits neatly on a standard pallet. And $1 BILLION. now we're really getting somewhere. Next we'll look at ONE TRILLION dollars. This is that number we've been hearing about so much. What is a trillion dollars? Well, it's a million million. It's a thousand billion. It's a one followed by 12 zeros. (And notice those pallets are double stacked.YOU are the little person in the red shirt standing at the lower left corner) So the next time you hear someone toss around the phrase "trillion dollars". that's what they're talking about.

 

 

 

 

 

 

 

 

 

The Week's Economic Indicator Calendar

 

 

 

 

 

 

 

 

 

 

 

 

 

Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.

Economic Calendar for the Week of May 25 - May 29

 

 

 

 

 

 

 

 

Date

 

ET

 

Economic Report

 

For

 

Estimate

 

Actual

 

Prior

 

Impact

 

Tue. May 26

 

10:00

Consumer Confidence

 

Mar

 

NA

 

 

 

39.2

 

Moderate

 

Wed. May 27

 

10:00

Existing Home Sales

 

Apr

 

4.63M

 

 

 

4.57M

 

Moderate

 

Wed. May 27

 

10:30

Crude Inventories

 

5/22

 

NA

 

 

 

NA

 

Moderate

 

Thu. May 28

 

10:00

New Home Sales

 

Apr

 

356K

 

 

 

356K

 

Moderate

 

Thu. May 28

 

08:30

Jobless Claims (Initial)

 

5/23

 

NA

 

 

 

NA

 

Moderate

 

Thu. May 28

 

08:30

Durable Goods Orders

 

Apr

 

NA

 

 

 

-0.8%

 

Moderate

 

Fri. May 29

 

08:30

Gross Domestic Product (GDP)

 

Q1

 

-5.5%

 

 

 

-6.1%

 

Moderate

 

Fri. May 29

 

08:30

Chain Deflator

 

Q1

 

2.9%

 

 

 

2.9%

 

Moderate

 

Fri. May 29

 

09:45

Chicago PMI

 

May

 

42.0

 

 

 

40.1

 

HIGH

 

Fri. May 29

 

10:00

Consumer Sentiment Index (UoM)

 

May

 

68.0

 

 

 

67.9

 

Moderate

 

 

 

 

 

 

 

 

The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is not without errors.

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