Report Breaks Record Six Consecutive Months of Decline.

Last Week in the News


On Monday, March 23, the National Association of Realtors said existing home sales rose 5.1% in February to a seasonally adjusted annual rate of 4.72 million, from 4.49 million in January. Economists had expected an annualized rate of 4.45 million homes.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending March 20 increased 32% to 1,159.4 from 876.9 the previous week. Purchase volume rose 4.2% to 267.8 from 257.1 the previous week, while refinancing applications jumped 42% to 6,363.2 from 4,497.6.

The Commerce Department reported Wednesday that orders for durable goods, items expected to last three or more years, jumped 3.4% in February. It was the strongest one-month gain in 14 months and the report breaks a record six consecutive months of decline. Economists had anticipated orders for durable goods to fall 2%. Among the areas of strong growth were orders for heavy machinery, up 13.5%, and demand for computers, up 10.1%.

New home sales unexpectedly rose 4.7% in February to a seasonally adjusted annual rate of 337,000 units, according to a report by the Commerce Department. Analysts had expected a drop to 300,000 units in February. Also, the results for January were revised upward to 322,000. Nevertheless, that figure represents the slowest monthly pace since recordkeeping began in 1963.

On Thursday, the Commerce Department announced its final revision to the fourth quarter Gross Domestic Product (GDP). It showed the U.S. economy decreased at an annual rate of 6.3% in the fourth quarter of 2008. It was the lowest pace since the first quarter of 1982, when output contracted 6.4%. For all of 2008, the economy grew 1.1%.

Upcoming on the economic calendar are reports on consumer confidence on March 31, pending home sales on April 1 and factory orders on April 2.

 
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> Marketing Review — Wes @ 3:10 pm

March 30, 2009

Good News for Housing… Still Bad Most Everywhere Else.

Good News for Housing… Still Bad Most Everywhere Else.

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The Commerce Department reported that housing starts unexpectedly jumped 22.2% in February to a seasonally adjusted annual rate of 583,000 units. This ended the longest streak of declines in 18 years. Economists had anticipated a 3.4% decline to 450,000 units. Leading the surge was an 82% increase in the building of multifamily homes — condominiums, apartments and townhouses — to 226,000 units in February from 124,000 in January. Housing starts for single-family homes rose 1.1% to 357,000 units. Building permits for single-family homes climbed 11% in February to 373,000, compared to 336,000 in January.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending March 13 increased 21.2% to 876.9 from the previous week. Purchase volume rose 1.5% to 257.1, while refinancing applications jumped 29.6% to 4,497.6.

The Federal Reserve reported that industrial activity at the nation’s factories, mines and utilities fell by 1.4% in February. Economists had expected a decline of 1.2%. The factory-operating rate was down to 67.4% of capacity in February, the lowest level on records dating back to 1948. On a positive note, motor vehicle and parts production rose 10.2% after four consecutive months of declines.

The National Association of Home Builders/Wells Fargo housing market index in March stood at nine, the same level it was in February. The index hit a record low of eight in January. An index reading higher than 50 indicates positive sentiment about the housing market. The index has been below 50 since May 2006, and below 20 since April 2008.

On Tuesday, March 17, the Labor Department reported the producer price index, which tracks wholesale prices, rose 0.1% in February. Economists had expected a 0.8% increase.

The Labor Department reported Wednesday that consumer inflation rose 0.4% in February, the biggest one-month jump since a 0.7% rise in July 2008. The increase was largely due to an 8.3% rise in gasoline prices.

The Conference Board reported Thursday that its index of leading economic indicators fell 0.4% in February. That was slightly better than the 0.6% decline economists had expected. The index is designed to forecast economic activity in the next three to six months.

Upcoming on the economic calendar are reports on existing home sales on March 23, and durable goods orders and new home sales on March 25.

Let’s face it, if you don’t have your own Home Business going that takes full advantage of the legal tax breaks and helps offset the falls and shutdowns taking place in the global economy…

Then you have no security and you are giving $1000’s back to the government that is rightfully yours.

Start your own real (legally tax deductable) FREE Multi-Income Home business right now – Complete with online video training at:

www.SpidersMarketingWeb.com

Isn’t it time you took control of your own destiny?

www.SpidersMarketingWeb.com

Get started now!

Wes Waddell

www.SpidersMarketingWeb.info (BLOG)

> Rantings,Uncategorized — Wes @ 10:21 am

March 23, 2009

FREE Twitter Tools…

Hi Spiders Marketing friend,

If you are using twitter, you will definitely want to use the free following system out.

Wes, It costs nothing ever, and even comes with 3 no cost gifts just for using it. It will grow your followers on twitter automatically for you once you start the system.

Its free, its cool, and it works.

If you are not Twittering… you are missing out on the Social Traffic Gold Mine of the year.

http://www.twitteringfortraffic.com/testingtweeter

Enjoy!

Wes

www.Referals.ws
www.SpidersMarketingWeb.com
28115 N. Spotted Rd.
Deer Park, WA  99006

> Marketing Review,Rantings — Wes @ 5:49 am

March 18, 2009

St. Patrick’s Day – Did You Know…

Irish Castle photo

Irish Castle photo

Did you know…

 

 

In 1780, to honor his many Irish troops, General George Washington issued a proclamation during the Revolutionary War, declaring St. Patrick’s Day a holiday for the Continental Army. Washington remarked that the proclamation was “an act of solidarity with the Irish in their fight for independence.”

St. Patrick’s Day is celebrated by many nationalities, especially the 34.7 million U.S. residents who claim Irish ancestry. This number is almost nine times the population of Ireland itself. Irish is the nation’s second most frequently reported ancestry, trailing only those of German ancestry.

There are nine places in the U.S. that share the name of Ireland’s capital, Dublin. The two largest cities are Dublin, California, with a population of 39,328, and Dublin, Ohio, with a population of 34,964.

> Rantings,Uncategorized — Wes @ 12:18 pm

March 17, 2009

Be The Next Amazon.com…

Dear Spiders Marketing Web Friend,

I just found out that the Federal Reserve has announced that in 2008, household wealth in the USA alone dropped $11.1 trillion, or about 18 percent. They also noted that the added drop in the US stock market so far this year has also erased trillions more in the USA’s collective wealth.

That made me think that the chances are pretty good that, like most Middle Income Americans, you’ve probably got some serious “Income Losses” to make up for!  Am I not right?

Then, is it OK if I suggest something other than sitting around and waiting for the stock market and the economy to recover (it’s certainly not happening anytime soon…)???

I’m going to suggest to you that it’s time to start building your own personal new income stream on the Internet.

You see, I’ve learned that when you have your own home side-business, you are making an investment over which YOU now have TOTAL control. Let’s face it, in times like these, that sort of security is like having your own Fort Knox Gold Supply.

Yes, it’s true that brick-and-mortar retailers are having a really rough time right now… and will continue to see problems for the near future. But, I’m talking about setting up your own home business online, where there are almost no start-up costs and the opportunity is great for some very handsome profits. Yes, even today!

Amazon, which just had its best holiday season EVER along with most of the other online retailers, have seen their monthly revenues shoot through the roof.  This, even as traditional brick and morter retailers like Toys -R- Us and Circuit City go under. Online consumer spending was $34.4 billion in the third quarter of 2008 alone – a 5.7% profit increase over the year before!

Now, it’s your turn!

As a Home Business Internet Entrepreneur your customer base (total number of customers available to buy from you) will be the more than 1.4 billion web surfers online worldwide today.

Here at SpidersMarketingWeb.com, we’ve created a FREE new training program especially designed for beginners that gives you everything you need to get a home based web business up and running in no time flat.

I urge you to check it out today. You could put an extra $15,000 or more in your pocket starting this year.

Wes Waddell,
SpidersMarketingWeb.com

PS: In this Totally FREE comprehensive video training program, we’ve meticulously documented every thing you need to know in order to become a real successful company.

Take your finances into your own hands! Here’s a quick look at how it works…

 Here’s to YOUR Success!

> Marketing Review,Training — Wes @ 11:20 am

March 14, 2009

12,000 Workers Laid Off in One Company…

You better get prepared… there’s no such thing as job security in this economy.  Here’s just one of the announcements from this week:

United Technologies announces layoffs for nearly 12,000 workers
With no economic recovery in sight, United Technologies Corp. says it will shed 11,600 jobs this year, reducing its workforce by 5%. UTC’s diverse portfolio — including Pratt & Whitney jet engines, Sikorsky helicopters, Hamilton Sundstrand aerospace components, Otis elevators and Carrier air conditioners — has shielded the company from past downturns, but nearly every business line is suffering in the current recession. The company said Tuesday it now expects 2009 revenues to fall $2.7 billion short of projections made just three months ago. Pratt & Whitney, for instance, was expecting 20% growth in shipments of business-jet engines, but now expects shipments to be flat after a spate of negative publicity for business aviation. Forbes (3/10) , The Wall Street Journal (subscription required) (3/11)

Get your own FREE Home Business Training by online video – The multi-income stream business you start for FREE.

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> Rantings — Wes @ 1:39 pm

March 11, 2009

Economy Down, But Not Out… Some Good News

While it looks like there is finally some good news… or at least some signs that the worst may be close to over; I’m still very glad that I have my own Multi-Income Stream Home Business to help make up for what’s still a very gloomy economy.

On Monday, March 2, the Commerce Department reported that consumer spending rose more than expected in January after declining for a record six consecutive months. Consumer spending rose 0.6%, better than the 0.4% gain that economists expected. Consumer spending fell 1% in December 2008, after a 0.8% decline in November 2008.

Also on Monday, the Commerce Department reported total construction spending fell 3.3% in January, more than the 1.5% decline economists had expected. It was the fourth consecutive monthly decrease. Construction spending fell 1.4% in December.

On Tuesday, the National Association of Realtors reported that its pending home sales index, a forward-looking indicator based on signed contracts, fell 7.7% to 80.4 in January.

The Institute for Supply Management reported the monthly index of manufacturing activity rose in February to 35.8 from January’s 35.6. Economists had expected a reading of 33.8. Figures below 50 indicate contraction, making February the 13th straight monthly decline in manufacturing.

On Thursday, the Labor Department said that productivity fell at an annual rate of 0.4% in the fourth quarter of 2008. That’s down from the 1.3% increase in the third quarter and 3.6% growth rate in the second quarter.

The Commerce Department reported factory orders declined by 1.9% in January. It was a record sixth straight drop but much less steep than the revised upward 4.9% in December and the revised upward 6.5% in November.

The personal savings rate rose to 5% in January, a 14-year high. But that was bad news for U.S. auto makers. At Ford sales fell 48.2% in February. Chrysler saw a 44% drop in sales in the month of February. And GM reported vehicle sales decreased 52.9% in February.

Upcoming on the economic calendar are reports on wholesale trade on March 10 and retail sales on March 12.

It’s really easy these days to get caught up in all the bad economic news that’s out there.  I know, I used to be in one of those jobs that was very effected by economic trends and government spending… I was a government contractor.

Now, I run my own home business from home and don’t worry too much about what the economy does.  Right now, I’m growing where most are declining. 

If you are looking for a totally FREE way to get started with your own real job security… then Click here to visit my website and Start Today!

Wes Waddell

www.SpidersMarketingWeb.com – Your FREE Multi-Income Stream Home Business Video Training Site.

> Rantings — Wes @ 11:30 am

March 9, 2009

Housing Price Index Dropped a Record 18.5%

Those of us with our own multi-income streams home business are actually doing quite well in this economy, but for those of you that don’t yet stablize your income with a home business…

On Tuesday, February 24, the Conference Board reported that its consumer confidence index fell 12.4 points to 25 in February. Economists had expected the index to decrease to 35.5. In February 2008, the index was at 76.4. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.

The Standard & Poor’s/Case-Shiller 20-city housing price index dropped a record 18.5% from December 2007 to December 2008. Since August 2006, the 20-city index has declined every month.

On Wednesday, the National Association of Realtors said existing home sales fell 5.3% in January to a seasonally adjusted annual rate of 4.49 million, from 4.74 million in December. Economists had expected an annualized rate of 4.79 million homes.

Orders for durable goods fell for a record sixth consecutive month in January. The Commerce Department said orders dropped by 5.2%, more than twice as much as forecast.

The Commerce Department said Thursday that new home sales fell 10.2% in January to a seasonally adjusted annual rate of 309,000. It was the slowest monthly pace since recordkeeping began in 1963.

The Labor Department said initial claims for unemployment benefits rose to 667,000 from the previous week’s figure of 631,000. The number of people continuing to claim jobless benefits increased by 114,000 to 5.11 million in the week ended February 14.

Upcoming on the economic calendar are reports on construction spending on March 2, pending home sales on March 3 and factory orders on March 5.

It seems that all there is out their these days is bad news… and now, the Obama government wants to make a return to the days of even more government!  All I can say is that I’m sure glad that I have my own multi-income stream home business to get me through these rough seas.

You can start your own home business for FREE, complete with real multi-income streams from fortune 500 rated companies.

HOW?

Check it out at: www.SpidersMarketingWeb.com

Your FREE Multi-Income Stream Home Business.

Wes Waddell

www.SpidersMarketingWeb.com

www.SpidersMarketingWeb.info BLOG

 

> Rantings — Wes @ 3:42 pm

March 2, 2009